Whiff of Extinction Blows in Bull Market That Outlived Them All

  • Longest stock rally on record within a hairline of its end
  • Investors point to a disconnect between stocks and the economy
Gershon Distenfeld, co-head of fixed income at AllianceBernstein, discusses risks for the market in 2019.Daybreak: Americas." (Source: Bloomberg)
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It’s been derided as a house of cards, a gift to the one-percent, an experiment in monetary policy taken way too far.

Now a bull market that for 10 years has confounded and chastened its detractors -- by outlasting all its predecessors -- has staggered up to death’s door. And haters and admirers alike are turning out to pronounce last rites.