LeggMason predicts US rise

LeggMason Investors is calling the start of the next run in the US bull market. Robert Hagstrom, senior vice president with the group, believes all the conditions are in place for the US index to start rising again. 'The end of a bull market tends to happen when profits are peaking, inflation is accelerating, the Fed is raising interest rates and stocks are significantly overvalued,' he said. 'We argue that we are coming close to a period when profits are rising, inflation is stable or in decline, the Fed is lowering interest rates and stocks are significantly undervalued.' Analysts Ed ...