Wednesday, March 9, 2016

Happy Birthday, Bull?

The bull market turns seven years old today - maybe. It's been seven years since the S&P 500 bottomed out on March 9, 2016, but we don't know yet if today's birthday celebration will turn out to be moot.

The S&P index reached a peak last May 21 and has yet to exceed that level. Should it fall more than 20 percent from that high of 2,130, then technically, the great bull actually ended back in May, and the market has technically been in a bear since then. At this point, the index is 3.9 percent below last May's high.

If the bull is still alive, it's certainly impressive. The current bull run would be at 84 months - the third-longest on record. Since bottoming out seven years ago, the S&P 500 is up by 193 percent.

No comments:

Post a Comment