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Bull Market Entering Fifth Year: Brown

Monday, 7 Jan 2013 | 12:30 PM ET
Something Huge Is Happening: Josh Brown
Something huge is happening in the stock market that means it'll continue to post gains, Josh Brown of Fusion Analytics says.

Following a strong start for stocks in 2013, Josh Brown of Fusion Analytics said that it's not just a short-term rally.

"We're headed into year five of this bull market," he said Monday on CNBC's "Fast Money."

"I think the way to think about this is: Everyone is well aware that all of the hard decisions of the debt ceilings are pushed, sequestration; we all know first-quarter numbers are probably too high," he said. "But something else is happening that's even bigger, which is a massive reallocation out of fixed-income, at least at the very short end right now."

Brown said that the shift was benefitting a variety of S&P 500 sectors.

"From that standpoint, I would say this year we've got much more room to run, and I don't think we should be talking about when it's over," he added.

Joe Terranova of Virtus Investment Partners took issue with the question of whether stocks would continue to rally, saying that it was more about picking the sectors that stand to gain.

"Get the sectors right first," he said.

Trader disclosure: On Jan. 7, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long TJX; Joe Terranova is long AAPL; Joe Terranova is long GS; Joe Terranova is long MS; Joe Terranova is long GLW; Joe Terranova is long DELL; Joe Terranova is long VZ; Joe Terranova is long XOM; Josh Brown is long AAPL; Josh Brown is long C; Josh Brown is long JPM; Josh Brown is long WFC; Josh Brown is long GLD; Josh Brown is long GDX; Josh Brown is long XLU; Josh Brown is long TLT; Josh Brown is long XLF; Josh Brown is long WMT; Josh Brown is long TGT; Stephanie Link is long AAPL; Stephanie Link is long GS; Stephanie Link is long WFC; Stephanie Link is long SBUX; Stephanie Link is long GE; Ron Sloan is long K; Ron Sloan is long PGR; Ron Sloan is long MSFT; Ron Sloan is long GE; Ron Sloan is long SYMC.

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