Bull Market In Stocks Turns 6, Wall Street Sees At Least 7

The bull market in U.S. stocks turned 6-years-old today. On March 9, 2009:

• The Dow Jones Industrial Average stood at 6,547.05, its lowest point since April 15, 1997
• The S&P 500 was at 676.53, its lowest point since September 12, 1996.
• The NASDAQ finished the day at 1,268.64, its lowest point since October 9, 2002

On March 9, 2015:

• The Dow Jones Industrial Average stood at 17,995.72, a 174.87 percent increase
• The S&P 500 was at 2,079.43, a 207.37 percent gain
• The NASDAQ finished the day at 4,942, a 289.55 percent jump

When compared to other bull markets, the Associated Press noted:

There have been 12 bull markets since the end of World War II, with the average run lasting 58 months, according to S&P Capital IQ. At 72 months, the current streak is the fourth longest in that period. While this run could be described as middle-aged, it is still a few years short of the longest streak, which started in 1990 and stretched 113 months into 2000…

(Editor’s note: Bold added for emphasis)

So will it be a “lucky 7” for this bull?

Kristen Scholer wrote over on the Moneybeat blog on The Wall Street Journal website this afternoon:

Wall Street is predicting the bull market can last at least another year. Strategists across the Street are calling for the S&P 500 to rise in the mid- to high-single digits in 2015 after three consecutive years of double-digit growth…

(Editor’s note: Bold added for emphasis)

Time will tell if the strategists on the Street are correct…

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

“The bull market at 6; charging hard or out of control?” Associated Press. 9 Mar. 2015. (http://www.cnbc.com/id/102488585#.). 9 Mar. 2015.

Scholer, Kristen. “The Six-Year Bull Market in Five Charts.” Moneybeat. 9 Mar. 2015. (http://blogs.wsj.com/moneybeat/2015/03/09/the-six-year-bull-market-in-five-charts/). 9. Mar. 2015.

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Monday, March 9th, 2015 Investing, Stocks, Wall Street

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