It began in March 2009, and at 5.75 years of age, it is longer than the 3.8 -
year average bull market duration of the past 80 years.
Not exact matches
In general, so - called value stocks — often defined as those trading at earnings multiples below the
market average or their own historical norms — have tricked a lot of investors in the most recent phase of the current
bull market, which has worn on nearly seven and a half
years.
Bull markets, likewise, have a finite life — about 4 1/2
years on
average.
The multiple reached its peak for this
bull market at 23.4, well above the five -
year average of 18, and has since retreated below 20.
World growth will remain low on
average but negative in the UK and Europe; price inflation will remain sufficiently subdued for a while longer so as to impose no constraint on monetary expansion; central banks will sustain a regime of negative real interest rates and rapid monetary expansion; the risk of a eurozone collapse is off the table for now; finally, stock
markets should continue to perform better than expected, even though the four -
year old cyclical
bull market is long by historical standards.
Silver's annual
average in the final
year of the 1970s
bull market was $ 21.79.
The Schwab Center for Financial Research looked at both
bull and bear
markets in the S&P 500 going back to the late»60s and found that the
average bull ran for more than four
years, delivering an
average return of nearly 140 %.
Even measured against this
bull market's impressive results, technology stocks have been excellent investments, outpacing the 19.4 percent annualized return of Standard and Poor's 500 - stock index by four percentage points per
year, on
average, since...
The favorable
market performance associated with many historical economic expansions is fully accounted for by 1) favorable post-recession valuations, with the S&P 500
averaging less than 9 times prior peak earnings at the recession low, expanding to just over 11 times peak earnings in the first
year of the
bull market, and 2) favorable trend uniformity, which typically emerges almost immediately in the form of a powerful breadth thrust off of a bear
market low, and is confirmed within a few weeks by much broader trend uniformity.
While there's a great deal of variation across individual
market cycles, that's roughly the historical
average for a 5.25
year market cycle: a 135 % gain, a 30 % loss, and a 65 % full - cycle return (about 10 % compounded annually, with the full - cycle return coming in at less than half of the
bull market gain).
Historically,
bull market advances have
averaged 3.75
years, during which time stocks rise at an
average rate of 28 % annualized.
After the third longest
bull market advance on record, fresh deterioration in key trend - following components within our measures of
market internals (see Support Drops Away) recently joined this extended, overvalued, overbought, overbullish peak, even as the S&P 500 hovers at the top of its monthly Bollinger bands (two standard deviations above the 20 - period
average) and cyclical momentum rolls over from a 9 -
year high.
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.
When Nixon went off the gold standard in 1971, an ounce of gold would have cost $ 35 USD, nine
years later gold printed its
bull market high of $ 850 USD / oz, though the
average price of $ 459 / oz from 1979 would be a better gauge of how high gold went during the
bull market of the 1970's.
Over the first six weeks of the
year, the Dow Jones Industrial
Average declined 10 %, as the prospect of interest rate hikes by the Federal Reserve, a slump in oil prices, and concerns about economic conditions in Europe and China caused the long - running
bull market to stumble.
FANG stocks have led the
market higher throughout most of the nine -
year bull market, so it's not surprising the Dow Jones Industrial
Average tumbled more than 330 points (1.3 percent) on Monday, while the S&P 500 fell about 42 points (1.5 percent).
We think 2018 will add another
year to this longer - than -
average bull market, but we believe we are moving to the third period of this cycle.
Generally speaking, stocks have been in a staircase - like uptrend for most of the more than 9 -
year bull rally, so this general theory suggests that moving
averages may be particularly powerful tools in the current
market environment — if the
market is indeed trending.
An
average cyclical
bull market will last 4 to 5
years.
The Dow's P / E has
averaged 16 during the past three
years, in the middle of the range during secular
bull markets.
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.
The North Bay real estate
market is currently experiencing a
bull market, with
average housing prices increasing from $ 232,534 in November 2015 to $ 233,933 in November 2016, a 3.5 %
year - to - date increase.
Since 1926, the
average bull market has lasted nine
years and delivered a total return (dividends included) of 480 %, per First Trust Portfolios LP.
The typical
bull market portion extends about 3.75
years, on
average, during which time stocks advance at an annual rate of about 28 %.
The strategy of Strategic Total Return has never relied much on the existence of a
bull market in bonds (indeed, our
average bond duration has rarely exceeded 4
years since the inception of the Fund, and has often been limited to just 1 - 2
years).
An
average bear
market within a «secular» bear
market period (a period generally about 17 - 18
years, where valuations begin at rich levels and achieve progressively lower levels over the course of 3 - 4 separate
bull - bear cycles) is about 39 %, and wipes out about 80 % of the preceding
bull market advance.
Based on the
average decline in earnings during the early stages of a
bull market, operating earnings for the S&P 500 could fall to $ 57 next
year even if a
bull market was to start today.
The
average time from
bull -
market top to
bull -
market top is 33
years.
For context, the dollar
bull markets of the early 1980s and the late 1990s each lasted around six
years on
average.
Although there are
market selloffs known as corrections — defined as a drop of at least 10 percent — every
year or so on
average, true
bull markets tend to have long durations.
Bull markets are not a good thing if all of the excess gains they produce have to be paid back in future
years in which returns will be as much below
average as they are in the current day above
average.
During the three
years ending in 2014 — a long, uninterrupted
bull market — the fund's A-series version lagged the MSCI World Index by an
average of five percentage points a
year, making it look like a dud.
For example, the tech sector experienced above
average earnings growth in 2017 (a
bull market year).
-LSB-...]
Bull Market is about 4 years (or maybe it's 3.2 years, or 5 years 7 months)-- Apparently there isn't exact agreement on what the length of the average bull market -LSB-
Bull Market is about 4 years (or maybe it's 3.2 years, or 5 years 7 months)-- Apparently there isn't exact agreement on what the length of the average bull market -LS
Market is about 4
years (or maybe it's 3.2
years, or 5
years 7 months)-- Apparently there isn't exact agreement on what the length of the
average bull market -LSB-
bull market -LS
market -LSB-...]
Historically,
bull market advances have
averaged 3.75
years, during which time stocks rise at an
average rate of 28 % annualized.
In fact, the S&P 500 has had an
average return of 3 % during the third
year of a
bull market.
The
average annual returns of 53 % earned in the
bull market by a group of the largest sector funds were followed by returns of minus 31 % a
year in the bear
market, a net annual return of 3 % and a cumulative gain of 19.2 %.
In summary, history shows us that the stock
market moves in long secular
bull and bear
market trends lasting 15 - 20
years on
average.
As you can see, except for the secular
bull market of 1921 - 1929, secular
market cycles last on
average 16 to 20
years!
A cyclical
bull market, on
average, is about 4 - 5
years.
For example, the
average yearly gain during the secular
bull market of 1982 - 2000 was about 18 % per
year.
So, rebalancing quarterly or semi-annually ensures that you'll not have to time the sale of your holdings from a
bull market because you've been dollar - cost
averaging their sale for months or
years.