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HAPPY BIRTHDAY, BULL MARKET!

In Uncategorized on 10/03/2016 at 2:38 pm

From NYT Dealbook: Wednesday is was the seventh anniversary of the start of the current bull market for stocks in the United States, Reuters reports. This bull market has been notable more for its duration than its intensity.

Although it is the third-longest on record, its gains are less impressive. The Standard & Poor’s 500-stock index is up 193 percent – the average bull market climb is 167 percent.

The Dow Jones industrial average has grown 159 percent since bottoming out on March 9, 2009, while the Nasdaq composite is up 266 percent.

Birthday celebrations might be moot, however, as the S.&P. peaked on May 21 and has yet to go above that. Should it fall more than 20 percent below that high of 2,130.82, this would technically become a bear market.

It also looks far from certain that stocks will confirm the bull market – stocks have struggled this year and the S.&P. is off 3.2 percent for the year.

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