“We do think that the new bull market has begun—it may prove that it started in March of this year,” widely followed market guru Abby Joseph Cohen told CNBC. “We’ve talked about the staircase pattern of recovery in an equity market. Even if this is a new bull market, don’t expect it to look like a V—expect it to look like a series of upward steps.”
"Additionally, because companies and investors tend to look at profits on a year-over-year basis, "the third and fourth quarters of last year were dreadful so the third and fourth quarters of 2009 will not only good, but fabulous by comparison,” she said.
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