since an October low, reaching the bull market threshold, a term used to describe a market where shares are climbing and thus encouraging buying.
“We do need to be careful in making confident and bold declarations that a bull market has started,” he told BNNBloomberg.ca. “That's not to suggest this is similar, but it's to say that there's precedent for strong bear market rallies,” he said. “For us, we're cautious because a lot of the things that you normally see at the start of a new bull market haven’t really fallen into place here, but we're humble and we could be wrong.”
Sebastian added that stocks could come quickly down in the event of a sell off and the markets correct. With so few stocks buoying the market, Madden warns things could go sideways quickly if those companies were dealt a blow.
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