Born in the recession, raised on record earnings, the bull market for stocks is 6 years old
NEW YORK (AP) — In 2009 the stock market was filled with panic.
The housing market had collapsed. Lehman Brothers had gone under and General Motors was on the verge of bankruptcy reorganization. The U.S. was in a deep recession, and stocks had plunged 57 percent from their high in October 2007.
Fast forward six years, and investors are enjoying one of the longest bull markets since the 1940s.
The Standard & Poor's 500 index has more than tripled since bottoming out at 676.53 on March 9, 2009. The bull has pushed through a U.S. debt crisis, an escalating conflict in the Middle East, renewed tensions with Russia over Ukraine and Europe's stagnating economy.
So has this bull run its course? Most market strategists haven't yet seen the signs that typically accompany a market peak. Investors are yet to become rash, or overconfident.
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Posted on Tue, March 10, 2015
by Associated Press