Graph of this issue: https://pbs.twimg.com/media/DeXoo5cW0AETM00.jpg
US: +139% Germany: +20% France: +15% UK: +15% Spain: -20% Italy: -37%
The S&P 500 has nearly tripled (up 194% to be exact) since its low point on March 9, 2009. The surge reflects America's recovery from the Great Recession.
Yet the bull run has slowed considerably, especially in 2016. Stocks started the year with a scary plunge that was fueled by fears of a new global recession and worries about the downsides of cheap oil. Some even feared the bull market was near its death bed.
"The more fun part of the bull market is probably over," said Russ Koesterich, global chief investment strategist at BlackRock. "It doesn't mean stocks can't advance. But the gains are going to be more muted -- and accompanied by more volatility."
Still, the market freakout of 2016 highlights the serious challenges facing the bull market as it grows older.
After soaring 30% in 2013 and 11% the next year, the S&P 500 was basically flat in 2015. Not only has the market stopped smashing records, it's down 7% from its May all-time highs.
Seven may not sound very old, but in stock-market years it's practically senior-citizen status. Only two bulls have lived longer, led by the nine-year run that ended in March 2000.
"Time to buy the bull an AARP membership," jokes Howard Silverblatt, senior index analyst at S&P Dow Jones Indexes.
In some ways, this bull market anniversary should carry an asterisk. That's because the record books may actually need to be amended if a bear market (20% decline from previous highs) happens soon.
Do you think the US stock market will continue to outperform the european stock market?
Submitted May 30, 2018 at 08:37AM by gorillaz0e https://ift.tt/2kBvuNA
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