Bull Stock Market Talk Is Premature

A paused Fed, a rising stock market and favorable economic reports are producing a return of stock market optimism. “Bull market” is becoming a common description. So, is it time to buy?

According to the latest weekly Investors Intelligence report, 50% of investment newsletter advisers are bullish, while 31% say, “correction coming, so wait to buy.” The remaining 19%? Bearish – a low level that is in the bottom range normally seen in a heady bull market.