“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” Sir John Templeton.
At Friday’s close of 2500, the Standard & Poor’s 500 index made a new all-time high and also capped its second strongest rise in history, up nearly 270%, eclipsing the 1949 – 1956 bull’s 267% rise, according to Bespoke Investment Group. The current rally – which began on March 9, 2009 – had already pulled into second place for longevity in April 2016, and has now lasted 3,112 days without a bear market, defined as a 20% drop. But first place is a long way off: The famous 1987 – 2001 rally logged 4,494 days and a 582% rise.
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