Anthony Bolton, president of investments for Fidelity Investments, says stocks are in the midst of a strong bull market.

“I think all the things are in place for the bear market to have ended,” he tells Bloomberg TV.

“At some stage I think we’re going to get quite a big further move upward in the market.”

Bolton sees three major positives for stocks.

First, “I look at the cycle of bull and bear markets,” Bolton says. “We’ve had a 57 percent drop in the S&P. That’s the longest bear market in the last 100 years, except for one. We’ve had the worst 10 years ever for stocks in America.”

Second, “sentiment is extremely negative at the moment,” Bolton says. “The very high cash positions at the side — that’s bullish.”

Third, “valuations on 20 years plus are at or near their low: price to cash flow, free cash flow, price to book,” he says.

Bolton doesn’t focus on the current economy much.

“The trouble with economic data is that it looks so good when markets are high, and it looks so terrible when markets are low,” he says.

Famed mutual fund manager Bill Miller also is bullish.

"This move has been led by the classic early cyclical [sectors]…. That may be signaling the end of the long period of economic decline that began in December 2007," he wrote in a note to investors.