Bill Miller: Some Reflections on the Bull at 10

1Q 2019 Market Letter The bull market that began in early March 2009 passed its 10th birthday last month, something no one expected when the S&P 500 bottomed at 666. The economic expansion that has accompanied it — as usual, the market led the beginning of the expansion by about 6 months — will become…...

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Permabear Falsehoods Under Review

In reviewing the year-to-date major indices rally, I can’t help but to think that many, many investors have suffered from being captive of the moment and missing the big picture.  Being captive to the moment refers to the pervasive negative sentiment that was born out of the Q4 2018 market sell-off.  With the S&P 500…