By: Bob Long, CFA
Each year since 2011, various technical analysts have been declaring the current, long-running secular bull market over.
These negative voices have grown louder this year as stock prices in several sectors have peaked and the stock market breadth has narrowed.
Some argue that we are near the end when only the FANG shares (Facebook, Amazon, Netflix and Google) are hitting new highs and a bear market is just around the corner.
We, however, see few ..