By Kyle Tetting
Like driving, it’s hard to invest looking in the rearview mirror. Of course, we can still stop to celebrate a bull market that, by many measures, is now the longest on record.
Precipitated by the global financial crisis, the S&P 500 declined more than 50%, bottoming on March 9, 2009. From that low, the S&P 500 has now advanced more than 3,460 calendar days without a decline of 20% or more.
It may not yet be the most profitable advance on record – that distinction goes to the bull market that began in October of 1990 – but the length and general calm of this bull has left many investors with plenty to be excited about.