Why are the markets so bullish? Bears are dead?

I get asked his question more and more since last year. After some thought and listening to my peers, I've boiled it down to just 2 reasons.

1. The Bear players are no longer a factor in the market. With the dimise of Bear Sterns, Lehman Bros there are no other financial institutions who really specialize and aggressively sell the market like they did. This leaves the bias on the side of the BULLS. This explains why pullbacks and retracements are not big moves and sometimes don't exist at all.

2. Supercomputers are now doing the bulk of the trading on wall street, these algorithms are like a self fulfilling prophecy, the more they buy the more they buy.

So there you have it, this is very important knowledge for both investors and traders alike, it means that bullish trends should last much longer in all timeframes than has been the case in the past.