The Stock Market Will Make New Highs This Year

For four decades, Laszlo Birinyi has scoured the stock market for clues about where it is headed, focusing especially on sentiment indicators that suggest how investors feel about the Standard Poor’s 500 index and individual equities. That has made his stock market research a must-read for many big investors, who also appreciate the dollops of market history he doles out with his investment forecasts.

Birinyi honed his skills at the former Salomon Brothers, on a trading desk run by Michael Bloomberg. Birinyi opened…

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