Sure, the bull market is entering its fifth year, but there's little evidence of the kind of things that set off a bear market—things like looming recessions, constricting monetary policies, extreme valuations, and investor euphoria
That most certainly could be correct but that line of thinking is not something you see early in the cycle.
And from another Barron's article.
It's finally starting to happen: After five years of extraordinarily defensive investing, the nation's largest wealth-management firms are growing wary of bonds and more upbeat on stocks.
More contrarian fodder.
The first picture is of the Imperial Dunes State Park as I drove back from San Diego last weekend. The other picture is from behind the Kona Kai Resort in San Diego.