Is this the first bull market of the new century?

Could be, that we are seeing the start of a new long-term bull market. There are plenty of reasons for both sides of the age old argument to claim they are going to be right. On the bull side we have all time highs in the Dow, a Fed who has stopped raising rates and strong corporate earnings. The bears scream about inflation, expensive oil and international tensions. Here is a chart that shows an interesting picture, and I am sure the bulls will love it.

It is basically saying that the first few years of a bull market look just like what we have been through, and it really picks up speed in the 4th or 5th year and becomes a highly bullish market like we saw in the 90s.

Could be interesting, we will have to wait and see I guess.