Birinyi Says Engine Intact as S&P Reaches Old Age Milestone
- Comparing this bull market to past ones is `misleading'
- Benchmark up 15% since reaching 22-month low in February
Stocks Tumble: Is This the Start of Another Leg Down?
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Investors are endlessly fretting about visible threats in the stock market, but the rally that began seven years ago has always marched past them, according to Laszlo Birinyi.
That includes old age, a concern getting another airing this week as the advance in American equities ties for the second-longest on record. Birinyi, the president of Birinyi Associates Inc. and a stalwart bull since global markets bottomed in March 2009, sees more room to run in the rally that has added more than $15 trillion to U.S. share values.