Sunny San Diego played host to this year’s TD Ameritrade annual conference, and the mood matched the weather. One breakout session in particular stood out for its brazen attitude toward what may come.
Richard Bernstein, former chief investment strategist at Merrill Lynch and current CEO of Richard Bernstein Advisors, said of 2013 (with no hint of hyperbole), “This could be the greatest bull market of our lifetime. It could rival the bull market from 1982.”
Man, I hope he’s right.
While he made tall claims to a seemingly skeptical audience, he had the arguments and numbers to back them up.
He began by noting bull markets are not “wine and roses.” They are periods of fear, indecision and uncertainty, which he called “the word of the day.”