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Why stock bull market could extend another decade, 16% undervalued - Business Insider

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'I wouldn’t be surprised to go 10 more years': One expert explains why the market rally is just getting started — and why he thinks stocks are 16% undervalued

Callahan thinks the low-and-slow economic recovery fromis making investors overtly weary of the stock market's durability. But he says this logic is ill-founded. Fundamentally, he believes the economy is doing just fine.

That's an important note. Sentiment in this bull market has been shifting on a dime, but recent data suggests the underlying economy is continuing to chug in the right direction.

 

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