Thursday, April 28, 2016

This Bull Market May Be Permanent

April 28, 2016
CNBC: The bull market is about to set a major milestone

If we define a bull market as a period of time in which the S&P 500 rises 20 percent from its prior low and does not subsequently fall 20 percent from a high it has hit, the current bull market dates back to March 9, 2009, and has lasted 2,606 calendar days, through Wednesday's close.

Using that definition, the bull market can continue for thousands of years from here without the S&P 500 ever setting new highs, so long as it never falls 20% from its peak.

Fantastic. Glad to see that we're not lowering our bull market standards to potentially accommodate long-term stagnation much, lol. Sigh.

Somebody should make a movie about this worst-case bull market scenario.

Thank you for the nightmare.

As a side note, it's been nearly a year since the S&P 500 set a record high (May 2015). Bull market alive and well though apparently. Go figure.


mab said...

It's a bull-shaving cream market!!!!

Stagflationary Mark said...

Hahaha! I had not heard that song before!!