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Bull Or Binge?


A Fundamental Bull Market or Speculative Binge
A fundamental bull market is supported by broad based economic growth which spurs solid growth in worker s wages and organic growth in corporate revenue and cash flow. The steady increase in economic activity lifts the stock market but the market s valuation is below the 75th percentile of historical valuations. A fundamentally driven bull market is not dependent on the economy needing an extraordinary amount of fiscal stimulus to avoid a recession and surge in bankruptcies
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