Tuesday, February 25, 2014

Happy Birthday, Bull

In a couple of weeks, the current bull market will turn five years old, barring a sudden drop in the stock market. A bull market is technically defined as a market that increases in value by 20 percent or more, without an intervening drop of 20 percent.

Five years is a long time for a bull market, but it's hardly a record. There have been six bull markets in history that have lasted longer than that. The current run has a chance to eclipse the sixth-longest in history, from August 12, 1982, to August 25, 1987, in the next month; it will beat that one on March 22.

But it's got a ways to go to beat the record. The all-time longest bull market lasted from December 4, 1987, to March 24, 2000 - roughly two and a half times as long as the current bull has lasted.

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