FYI: Continued economic growth, solid earnings fundamentals, attractive value relative to bonds and an ongoing absence of investor euphoria all bolster the secular bull case. The last two post-World War II secular bull markets lasted an average of nearly 20 years. Although there typically are periods of decline in a secular bull market, long-term investors tend to be rewarded by staying invested.
Regards,
Ted
http://www.federatedinvestors.com/FII/marketcommentary/detail.do?cid=124543
