2013 has been the year in which even the most hardened stock market bears have admitted that we’re in a five-year bull market — and it’s not over yet.
Although the FTSE 100 has slipped back from the five-year high of 6,875 it reached in May, it is still up 8.8% this year, and is 53% higher than it was five years ago. As Christmas approaches, I’ve been asking whether popular stocks like Diageo (LSE: DGE) (NYSE: DEO.US) still offer good value, after five years of market gains.
Back to basics
Diageo’s share price has doubled over the last five…