Last week marked the eighth anniversary of one of the longest bull markets our country has ever experienced.
On March 9, 2009, the S&P 500 bottomed after a quick but brutal bear market. Since that day, the S&P 500 has rallied more than 250%, making it one of the largest and longest bull markets in history.
Since 1940, only one other bull market has lasted longer, and that was the 1990-2000 bull market.
It lasted another year and a half beyond our current bull market.
Take a look at how it stacks up to some of the previous longest and largest bull markets:
The dark blue line is our current bull market, which is currently around 2,000 market days. But the ‘90s bull market lasted about 2,400 market days, roughly a year and a half longer.
Eventually, there will be a bull market that will outlast the ‘90s bull market. It could end up being our current bull market.
After all, it’s just a year and a half away.
Or maybe it will be the next bull market.
Notice I didn’t say last week marked the birthday of the bull market. A birthday assumes it keeps going until it dies, like you and me. But the market never dies, just the relationship — bull or bear — changes.
Thus, anniversary is more accurate.
Just as one bull market will eventually be a record one, all bull markets will turn into bear markets at some point.
For now, it seems there is still some room to run higher … but it doesn’t last forever.
Chad Shoop, CMT
Editor, Automatic Profits Alert
P.S. This bull market has been great for subscribers of Paul Mampilly’s newsletter. Michael Carr, another Chartered Market Technician and a colleague of mine, has also made huge profits … and in a webinar on Tuesday, March 21, he’s going to reveal the secret to how he did it. And the best part is, all you need is Internet access and about 10 minutes a week. To sign up for this exclusive webinar, click here now.