Bull! Second Largest Since WWII
After World War II (WWII) the stock market had a great run up. Today, we are experiencing the second-largest bull market since World War II.
The Since the bottoms in March of 2009 (over 8 years ago) stocks have gained about 270%. That bests the 260%+ gains between June 1949 and August 1956. What period of time is the best holding he #1 spot? October 1990 to March 2000 is number one!
"The logical question we continue to receive is: how much further can it go? We have an old bull market and an old expansion. When will the music stop?" -Ryan Detrick, Senior Market Strategist for LPL Financial.
Detrick stated that "bull markets don’t die of old age, they die of excesses." Earnings remain firm but we have had a number of hurricanes that will effect GDP in the short term. We also have the Fed starting to undo its quantative easing (QE) with quantitative tightening as well as interst rate hikes. How will the market react? Could it change the tide and we exit the bull market. And lets not for get about Trump and geoploitcial issues as well as his ability to provide the tax cuts he promised.
Hold on for volatility!