Tom Lee was right. No matter what the S&P 500 ($SPX) and Nasdaq-100 ($IUXX) indexes have faced over the past decade, they’ve continued to trend up. Dismissed as a perma-bull by some (including me at one point), his broad market views have been far more accurate than not.
Now, Lee has been unwavering in his positive stock market outlook for so long, you could argue that nothing would turn him bearish. In other words, just as some forecasters have not said a kind word about the stock market since 2007, the opposite can also be true. Especially when you consider that since hedging is not a mainstream approach, there’s a very strong positive bias toward the stock market.
