Bernstein Sees Multiple Signs Of Strong Bull Market For 2013, One That Could Eventually Rival The '82 Bull Run

 
He further stated that he doesn’t remember a time in his entire career when investors were so gunshy about equities.
 
He thinks the rush into emerging markets will ultimately prove to have been a mistake, indicating that those countries were the biggest beneficiaries of the credit bubble. As that bubble deflates, emerging markets investments will underperform.
 
He predicts rates for long-term Treasuries will continue to fall because of the extreme sentiment against long maturities. Most investors have kept durations short in anticipation of sudden inflationary pressures from the Fed’s aggressive easing policies.

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