Five years into a bull market, Byron Wien doesn't see a top in sight. In fact, the vice chairman of Blackstone Advisory Partners says that there's still plenty of time to buy stocks.
"I think the market's going to flutter around a little bit here in the first half, but I think it's going to be relatively strong in the second half, and I think this year is going to end up surprising people favorably," Wien said on Tuesday's episode of "Futures Now."
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Wien says that stocks remain reasonably valued, and continued economic growth will boost corporate earnings.
GDP growth has been "hovering around 2 percent," but a look at "early encouraging signs" like railcar loadings and bank loans convinces Wien that "the economy could head toward 3 percent. That could be very good for earnings. I think earnings have been cut too far by analysts. I think earnings are going to be better than expected."
As the earnings outlook improves, "the market is going to go higher," Wien predicted.