Merrill's Mukherjee says the market has entered a new bull cycle

Niladri Mukherjee of Merrill Lynch Bank of America Private Bank says that investors are more bearish now -- with the Standard and Poor's 500 Index at 3,300 -- than they were when the benchmark stood 1,000 points lower at the bottom of the market's February-March blood-letting. That sentiment is helping to create a pent-up demand that turns most declines into buying opportunities, and is why the market, according to Mukherjee, is entering a new bull cycle, rekindling the secular bull market that started about seven years ago. Brian Kraus of the Hartford Funds talks about a recent survey in which investors discussed how the outcome of the presidential election will impact their investment decisions, Andrew Hsu of the DoubleLine Funds discusses the impact that the election will have on infrastructure spending and project bonds, and David Trainer of New Constructs puts Dropbox stock in the 'Danger Zone' saying it is significantly overpriced now.