Bull markets last long enough to fool many investors into thinking that bull market realities are permanent realities.
Bull markets last for years.
The bond
bull market lasted three decades.
Historically,
bull markets lasting at least 4 years (since 1897) have only ended with a recession — that is, they typically do not end just because «everyone is too bullish.»
Unfortunately, this is becoming more and more true the longer
this bull market lasts.
For the record, the longest
bull market lasted 113 months, from October 1990 through March 2000.
During this secular bull market - a term that denotes
a bull market lasting many years - the Dow Jones Industrial Average (DJIA) averaged 16.8 % annual returns.
Find out why
no bull market lasts forever, and why investors should shift their assets away from growth and toward dividends when stocks slow down.
The average secular
bull market lasted 21.2 years and produced a total return of 17.2 percent in nominal terms and 15.9 percent in real terms.
Half of all former
bull markets lasted longer than the current one.
I do know that five of the last 10
bull markets lasted more than five years.
Two other
bull markets lasted longer — those ending in 1902 and 1968 — but neither returned as much as the current one.
Not exact matches
Still, Wilson is not calling for the end of the
bull market — at least not right this instant — since, as he notes, this euphoric stage can
last for a while.
(Downe's performance benefits considerably from the
bull market of the
last two years).
Michael Hartnett has made it no secret: He thinks the almost nine - year stock
bull market is on its
last legs.
Ian Shepherdson, Pantheon Macroeconomics chief economist, discusses his outlook on the U.S. economy and the long -
lasting bull market.
As I've noted before, since the start of 2013 — when the «fiscal cliff» calamity was averted at the very
last minute with a deal struck between Vice President Joe Biden and Senate Majority Leader Mitch McConnell (R - KY)-- investors have been impervious to the sorts of anxiety attacks that caused significant corrections during the first four years of the
bull market.
The note suggests this period of a «mature»
bull market can
last for as long as three years, and there could be considerable time left to go.
«The
bull case has eroded a little bit,» Lori Calvasina, head of equity strategy at RBC Capital
Markets, told CNBC's «Futures Now»
last week.
Although value stocks typically hold up better in times of volatility, this
bull market has been exceptionally smooth — up until the
last year, that is — and favored high - growth momentum stocks, which tend to have more expensive valuations.
As for when the current six - year
bull market will lose steam, Lee pointed to two preconditions that marked the downturn in three similar long -
lasting rallies.
Most
bull markets have
lasted for a couple of decades, or nearly a couple of decades.
So if it truly is curtains for the bond
bull market, how long will the bear period
last?
The so - called S&P 500 fear index finished
last week at 10.82, about 40 % below its
bull market average, and briefly fell below 10 on Monday.
«That is a reason, [though] not the only reason, to believe that the in - place equity
bull market should
last a long time... at least another two years, if not longer.»
Stoltzfus added that investors in the current
bull market are more worried about what can go wrong than at any point in the
last 30 years.
In turn, the manufacturing - sector recovery, combined with a low neutral federal funds rate, is increasing «the odds of a long
lasting US equity
bull market,» Einhorn wrote.
Shiller warned in a New York Times op - ed that investors «should not be tempted to bet aggressively on the Trump
bull market» — in March of
last year.
Markets tend to move in long sweeping eras that reflect underlying economic activity; think of the expansions that
lasted a decade or two, such as the postwar era (1946 - 66), or the tech
bull market (1982 - 2000).
It is also worth noting that
market observers have been predicting a correction on the horizon for quite some time, given that
markets have largely been climbing since the recession and
bull markets can't
last forever.
NEW YORK (TheStreet)-- The stock
market is throwing a huge back - to - school sale, Jim Cramer told his Mad Money viewers Thursday, and it's now claimed even the
last remaining
bull markets.
The fact that the
last three decades have witnessed one
bull market after another shouldn't fool you into thinking that the next three decades will.
The
bull market in the U.S. has
lasted six years now.
The
last instance was at the start of a dramatic
bull market for stocks — 1982 — when 16 years of brutal consolidation were finally shaken off and the 1966 top was left in the dust.
We note, with a more than a little bit of curiosity, that the
last secular
bull market in U.S. stocks began in 1982 — just when the first Boomers turned 35.
But,
bull markets don't
last forever.
The tech stocks that fuelled the
last bull market have seen their share prices plummet as an onslaught of bad headlines takes its toll.
Despite the historic
bull market in stocks, I've done much better in real estate in the
last 5 years due to leverage.
On the other hand, if the recovery of cap - weighted indices like the S&P 500 is not confirmed by uniformity across a broad range of other securities, the historical evidence is that investors have generally been facing the
last gasp of a
bull market.
Prices entered a
bull market on the London Metal Exchange
last month, reaching a 17 - month high of $ 2,056 a ton on Aug. 12.
At the same time, I can't help but want to take full advantage of the
bull market while it
lasts.
Whenever we have big down days and it seems like the
bull market is on its
last legs, I remind myself of this line from Martin Luther King: «Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree.»
The current
market volatility has led to speculation that each drop is the
last gasp of this aging
bull.
Although
bulls have presented the rosy outlook for this year, the largest coin along with other digital currencies needs a push from
market activities that should have a long -
lasting impact on fundamentals.
Selling Pressure not only dropped [
last week], but reaffirmed its long - term downtrend by recording its lowest reading since the start of the
bull market in 2009.
Remember, I
last worked in the commercial banking and investment industry over a decade ago, when the
bull market for gold and silver was just getting started and the best gold and silver mining stocks were soaring in share price.
The longest
bull market ever
lasted almost 10 years, from Oct. 11, 1990, to March 24, 2000.
The argument WDAY
bulls assert is that profits don't matter now as WDAY is boosting spending on sales and
marketing and product development to spur revenue growth, which was 71 %
last year.
I've added two charts below, a daily chart and a quarterly chart to illustrate the
last time gold was in a prolonged
bull market.
«There is no doubt in my mind that we're now at the beginning of a great
bull market that will
last for at least two years.»