Tahoe-Truckee Market Beat: Record bull markets for the S&P 500 | SierraSun.com

Tahoe-Truckee Market Beat: Record bull markets for the S&P 500

Ken Roberts
Special to the Sun

Recently, we’ve seen new records day after day for the stock market. The S&P 500 hit an all time intraday high of 2134.72, and the Dow Jones Industrial Average has hit an all time high of 18,351.36.

Meanwhile, the NASDAQ has reached 5,119.83 — its all time intraday high was set back in March of 2000 at 5,132.52, so It’s getting close.

This bull market is one of the longest running bull markets in history. For the S&P 500, this is currently the third longest running bull we’ve ever had.

A bull market is defined as a gain of over 20 percent, following a drop of at least 20 percent.

The longest running bull ever started after the crash of October 1987. From December 4, 1987 until March 24, 2000, the S&P 500 gained 582.15 percent in 4,494 days — or 12.31 years, according to a report from Bespoke Investment Group.

The second longest bull ever ran from June 13, 1949, to August 2, 1956, and had a gain of 267.08%. That was a 7.14-year run of 2,607 days.

The current bull just jumped into third place on the all time list. This bull has been running since March 9 of 2009 and the gain right now is about 215 percent.

If it can run for another year, it will surpass the 1949-1956 bull run.

Corrections of 10 percent or more are normal in bull markets and should be expected.

Long-running bulls can lead to investor complacency and create some nervousness when they do eventually correct.

Kenneth Roberts is a Truckee-based Registered Investment Advisor. Information is at his blog at http://www.sellacalloption.com or 775-657-8065. The mention of securities should not be considered an offer to sell or solicitation to buy investments mentioned. Consult your investment professional to understand the risks and/or how the purchase or sale of these investments may be implemented to meet your investment goals. Past performance is no guarantee of future results.