As long as the economy is healthy, profits keep growing, and inflation and interest rates remain in check, the bull market should continue. It is natural for investors to worry about a downturn in the stock market after a tremendous bull run like the one for U.S. equities over the past 10 years. Just as trees don’t grow to the sky, the ...

An economic slowdown might actually extend the life of the expansion and the bull market in equities. The stock market is vulnerable to the manic behavior of investors who lurch between greed and fear. This happens so often that it is regarded as normal. The market is now priced for the fear of an imminent recession, which is unlikely. ...