(Fortune)

The great Bernanke-Yellen bull market, as it enters its sixth year, presents something of a paradox. On the surface, it is still gathering pace. Every other day, it seems, the S&P 500 makes a new high. The stronger-than-expected February jobs report assuaged fears of an economic slowdown, but it wasn’t robust enough to raise concerns about the Fed raising interest rates prematurely. Despite the confrontation in Ukraine and an economic slowdown in China, the vast majority of Wall Street analysts are bullish; margin debt on the New York Stock Exchange recently hit a new high. More Internet IPOs are on the way. Read more…

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