Tags: Hyzy | bull | market | over

US Trust's Investment Chief: This Bull Market Has Barely Begun

Monday, 25 Aug 2014 06:01 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The S&P 500 has nearly tripled from its March 2009 low, reaching another record high Monday and topping the 2,000 milestone during the trading session. That has some analysts worried that the five-year bull market is nearing its end.

But Chris Hyzy, chief investment officer of Bank of America's U.S. Trust unit, isn't nervous. He thinks the upswing is just 25% done, and has another 15 years to go. 

"I know it sounds easy to say," Hyzy told CNBC. "This is an elongated business cycle. You're going to have fair value through most of it. You're not going to get a lot of overvaluation." 

Editor’s Note: Dow Predicted Will Hit 60,000 — Buy These 4 Stocks Now

So where are the investment opportunities? "M&A is running wild," Hyzy said, referring to mergers and acquisitions. "But the key to all of this is the manufacturing in the next decade. It's already happening."

 He cited exploding U.S. oil and gas production, for example. "The private sector's piercing through whatever restrictions are being put out there, and you've got technological advancement that we haven't seen since the early 1990s." 

Many individual investors share Hyzy's enthusiasm for stocks, at least for the short term. 

The American Association of Individual Investors (AAII) survey of its members for the week ended last Wednesday showed that 46 percent are bullish on stocks for the next six months. That's the highest level since Dec. 26 and up from 40 percent a week earlier.

A total of 24 percent of respondents are bearish, the lowest since late June and down from 27 percent a week earlier.

Editor’s Note: Dow Predicted Will Hit 60,000 — Buy These 4 Stocks Now

Related Articles:

© 2014 Moneynews. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Drug, Medical Device Firms Pay Billions to US Physicians, Hospitals

Tuesday, 30 Sep 2014 17:33 PM

U.S. doctors and teaching hospitals received $3.5 billion from pharmaceutical companies and medical device makers in the . . .

Stocks Fall as Global Shares Cap Quarterly Slide; Oil Sinks

Tuesday, 30 Sep 2014 16:37 PM

U.S. stocks fell, with global equities capping the worst quarterly drop since 2012, as energy producers sank with the pr . . .

Harvard Study: Treasury, Fed Tactics Clashed During Crisis

Tuesday, 30 Sep 2014 13:10 PM

Policies pursued by the U.S. Treasury during the 2007-2009 financial crisis undercut the Federal Reserve's efforts to st . . .

Most Commented
Top Stories

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved