The bull market for U.S. stocks turns 10 years old this weekend, which puts it way past senior citizen status for a market run. It’s got the scars to prove it.
This bull market has rewarded the faithful with a return of more than 400 per cent, including dividends. Even investors who bought S&P 500 index funds at the 2007 peak and subsequently lost more than half their money now have more than double what they started with. That is, as long as they resisted the urge to sell each time skeptics said the bull was ready to collapse.Don’t “double dip”
Mixed data on the U.S. economy also raised concerns, and investors were talking about a “double-dip recession,” where the economy would fall back into contraction soon after the 2007-09 Great Recession. The unemployment rate at the time was still above 9 per cent .By the summer of 2011, investors’ worries about Europe’s debt problems had spread beyond Greece to Spain, Italy and other countries around the European periphery. The U.S.
globeinvestor Rock bottom interest rates, printing money, borrowing trillions from China, and mortgaging the future?