A Run of the Mill Bull Market…So Far |
posted 15:02 04/28/11
The S&P 500 is currently on pace to close at a new bull market high for the first time since February 18th. With this milestone, the bull market will officially make it to the two-year mark (the last closing high on 2/18 was two and a half weeks shy of the two-year mark).
In the chart below we compare the current bull market to the 25 prior S&P 500 bull markets since 1928. With a gain of about 99% in a little more than two years (778 days), the current bull market ranks right near the middle in terms of duration (11th) and performance (9th). Not including the current period, the average bull market has seen a gain of 101.6% over a period of 890 calendar days.
About the author: Denis Ouellet
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I have been involved in the Financial sector since 1975. Now retired, I am a part-time blogger. From 2006 to 2008, I was Equity Manager for a hedge fund organization. Between 2002 and 2006 I was chairman of the equity investment committee of a large...
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