New York: After a decade of doubts, the bull market for U.S. stocks is set to mark its 10th anniversary this weekend. Since rising from the rubble of the financial crisis in 2009, it has repeatedly run down a series of skeptics who predicted its demise was imminent.
It hasn't been a smooth, straight ride upwards, though, and several times the skeptics seemed prescient as the bull market stumbled.
But in each instance, the market managed to steady itself before notching a 20 percent loss, which would have meant the bull market had turned into a bear.
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This bull run for U.S. stocks is now the longest on record, after it eclipsed its 1990-2000 run in August. It's managed to sustain itself even as other investments, such as oil and stocks from other countries, long ago fell into their own bear markets.
That includes a return of more than 400 percent, including dividends. It also means that nearly every investor who owned an S&P 500 index fund, whether from before or after the financial crisis, now has more money than they started with, as long as they resisted the urge to sell.
(Inputs from AP)
