By  on October 19, 2017

U.S. stocks are in the midst of a “secular bull market,” according to Jeffrey Saut, chief investment strategist for Raymond James, who forecasts “at least another eight years left” of the current run.

Saut made that conclusion Tuesday at Cohn Reznick’s Seventh Annual Liquidity and Capital Raising National Forum at Convene in Manhattan. The strategist said secular bull markets can last for 14 or 15 years, sometimes as long as 18 or 20 years. He pegged the current bull market as beginning in October 2008.

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