Laszlo Birinyi, president of Birinyi Associates and a Wall Street research legend, explained how to spot the end of the bull market in an interview with CNBC's Mike Santoli.
The termination of the bull market comes: "when you start to see the anecdotal stories ... when you start to see people rationalizing the moves," Birinyi said in the exchange. "You can't necessarily quantify it."
Watch the in-depth interview where Birinyi explained his current market strategy. PRO members can access that full interview here.