Bull Market Has Legs
Decades of market data and trading history indicate that the current version of a bull market that is just getting started and could be here for another three years. Or depending on how you view things, the bull market has about a year left before losing steam. Market history shows that a typical bull market lasts about four years. The S&P 500 bottomed in March 2009 and many market observers contend that this is year three of a four-year stretch.
Yet last year, the market declined 19.6% between April and October, so others like to cite October 2011 as the beginning of a new bull market -- meaning that this version is just getting started. It's a hair-splitting difference. By definition, since the S&P 500 did not decline by 20%, the official determination of a bear market, then the bull market that began in 2009 is still intact....417 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.