We’re officially in the second largest bull market for US stocks since WWII.
The S&P 500 Index’s current bull market became the second best performing in the modern economic era on Monday. Stocks have climbed by about 270% from their March 2009 low over the last eight years, according to data from LPL Financial.
The current bull market has eclipsed the 267% gain seen from June 1949 to August 1956. But the bull market from October 1990 to March 2000 remains in the top spot.
“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?” wrote Ryan Detrick, Senior Market Strategist for LPL Financial, in commentary.
“The current bull market is officially 101 months old, which might sound old (and it is), but remember that bull markets don’t die of old age, they die of excesses.”