Mr Gildea, a talented sports journalist with a ready following among American readers, is nostalgic for the days when crowds of 125, 000 jammed into wooden stadiums to watch prizefights although not, of course, for the racism that then infected this and other sports.

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Between smartphones, tablets and e-readers, we're becoming a society that's ready to kill even a few seconds of boredom with a tap on a touchscreen.

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Billionaire money manager and Forbes columnist Kenneth Fisher put his readers on notice in a recent column: "Get ready for this bull market's second leg, " he wrote.

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