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Is the bull market over?

Today marks the 7th anniversary of the bull market and the so-called "Haines bottom." Now in its 84th month, it's the third longest bull market on record.

But can the bull continue to run? Global volatility and sector sell-offs have some arguing that a bear market is imminent. Our experts gave their take on the Halftime Report.

Traders say bull market not over yet
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Traders say bull market not over yet
Bull market picks
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Bull market picks

The desk agrees that we haven't yet seen the end of the bull market, although each trader is watching different levels for indications of what will happen next.

With Europe recovering and worldwide interest rates near zero, Jon Najarian believes stocks are headed higher. The recent sell-off is not an indication of further decline, but actually a sign that it's time to buy. "Enough of those [sectors] have corrected so significantly that there's plenty of money to make by coming in here and buying them," he said on the "Halftime Report."

Pete Najarian believes the bull is getting tired--although it hasn't given up just yet. Bearish sentiment increased when sectors such as Biotech, Materials, and Financials fell more than 20% off 52-week highs--the signifier of a bear market. But Najarian believes that's not the whole story. We've seen low oil prices, but we've also seen drastic snap backs. For instance, energy is up 32% since its January 20 low. Essentially, these pullbacks are short term rather than long term trends.

Don't look at the market as a whole -- look at individual sectors
Jim Lebenthal

According to Jim Lebenthal, the truth of the market lies in specific sectors. Much attention has been paid to sectors that have sold off, however you could just as easily focus on sectors moving higher, he argues. He's also looking at the recent inflow into high-yield bonds as a sign that there's more upward momentum ahead.

Famed investor Jeffery Gundlach also weighed in on where he sees the market headed, telling Scott Wapner:

During a webcast yesterday Gundlach argued that "markets now have a very poor risk & reward setup...it seems to me that the S&P 500 has maybe 2% of upside, and probably 20% of downside."

Trader disclosure: On March 9, 2016 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Jim Lebenthal: Long AAPL, BA, C, CSCO, DCO, DIS, EEQ, GAIA, GM, INTC, JCP, KMI, KMY, MPC, OA, ORBC, PFE, QCOM, QRVO, SPLS, TIF, TRN, TWX, WGO

Jon Najarian: Long ABX, FDX, FXI, GDX, GDXJ, SCTY. Long calls AET, APA, CA, COP, DVN, FIT, JOY, IP, MCD, MDLZ, MSFT, MYL, NEM, PBR, SCHW, STO, SWHC, YHOO.

Pete Najarian: Long AAPL, BAC, BMY, DIS, DISCA, GE, KMI,KMI-A, KO, MRK, PEP, PFE, SAVE, VIAB. Long calls AAL, AMJ, CLF, CMCSA,DAL, EMR, EWZ, FDX, FIT, GDX, GM, HAIN, HBAN, HOG, IP, KSS, LC, MCD, MDLZ,MXIM, NRF, RHT, SCHW, SLV, SWN, UAL, USG, WYNN, XME, XOP, ZIOP. Long puts DB, EWH, RIG, VLO.

Steve Weiss: Long AAL, C, CVC, NGL, PAA, TLLP, VIAB. He is short PLNT