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Markets

Is this market a bubble or a durable new bull?

By JONATHAN LEVIN
FILE PHOTO: Wall Street ends slightly lower, capping blockbuster year

EVERYONE knows you’re not supposed to bet on a bubble, but what about a potential bubble?

As the S&P 500 Index climbed above 5,000 last Friday, many of us found ourselves wondering what exactly we should call this market: a bubble or a durable new bull?

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