Right on bull, Birinyi sees 6% gain from here

Laszlo Birinyi, president of Birinyi Associates
Simon Dawson | Bloomberg | Getty Images
Laszlo Birinyi, president of Birinyi Associates

Laszlo Birinyi has been skewering bearish trader peers, old Wall Street maxims and most of all, the media, for the nearly 30 years the strategist has published his monthly newsletter on the market.

And for way more times than not, the legendary trader was right.

This contrarian bent from Birinyi, who famously established the equity desk at Salomon Brothers in the late 1970s, is out in full force this month where he takes swipes at Dow Theorists, The Wall Street Journal, CNBC and Alan Greenspan as part of his recommendation that this six-year bull market has further to run.