On Monday, March 9, 2009, the stock market hit a bottom. In the nine years since, Wall Street has rejoiced at enormous 300% gains in the stock market that have surely made more than a handful profoundly wealthier this decade than they were last.
If you didn’t buy in 2009, you probably weren’t alone. But given the impressive run, you probably feel pretty dumb if you didn’t. This bull market is now the second-longest and second-largest ever.
Given the strong economic indicators at play right now, this market is headed for sustained, slow, steady growth with plenty of excess capacity to keep on keeping on.
So, at least for now, the bull market is plowing onward with considerable momentum. Unlike us mere mortals, bull markets don’t die of old age. So, pop the champagne — a celebration is in order.
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