Underfunded Pension Funds May Drive Bull Market Another 3 Years

Posted by Brian Reynolds for FinancialSense.com

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The three major themes or drivers of this current bull market and why the current run isn’t likely to end for still another 3 years or more. Remarkably the nations public pension funds have grown to the point they dwarf the Federal Reserve. In order to prevent shortfalls, federal, state and municipalities have raise taxes, and that money has to go somewhere. 

Brian Reynolds is the Chief Market Strategist for New Albion Partners. Brian specializes in relating developments in the credit and related markets to the equity market.

 

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