Green Book March 2014
‘Happy Birthday Bull Market, Happy Birthday To You’
The bull market turns five this month, and we are in the mood for a party. But like any five year old’s birthday party, the enjoyment and exuberance can turn to tears at any time. We examine a number of factors, looking for what could spoil the party. We think Technology’s prospects for long-term leadership looks good for a variety of reasons. We update why we like the IT Consulting & Other Services group. We dusted off our research from 2011 on dividend growers, but broadened our scope to the global equity markets to identify candidates that may be off the radar of U.S.-oriented investors. Somewhat to our surprise, we found fewer qualifiers this time, and a shift from Europe to Asia.