The bronze 'Charging Bull' sculpture that symbolizes Wall Street is photographed Tuesday, Feb. 14, 2006, in the financial district of New York.Since the post-financial crisis low on March 9, 2009, the S&P 500 has returned 339% through Friday's close. Read more on Business Insider. Stocks have been climbing higher since the post-financial crisis low on March 9, 2009. The bull market in equitiesand has continued to gain since.
The record bull run also faces perhaps its biggest threat as the coronavirus outbreak spreads, sending markets into a tailspin as investors worry that global growth will grind to a halt. So far, the coronavirus that originated in Wuhan, China, has infected more than 100,000 people, killed more than 3,300, and spread to more than 88 countries including the US.
"We don't know where this correction bottoms out," said Liz Ann Sonders, chief investment officer of Charles Schwab, in an interview with Markets Insider. "Markets rise and fall on two things: earnings and valuations. If earnings go up , so should stock prices," Brad McMillan, chief investment officer at Commonwealth Financial Network, said in a Friday note.
So do we get a refund for bailing out the banks?
China did it.
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