Lessons From the Long Bull Market
What most of us missed.
This has been quite the streak. Since March 2009, we've had almost nonexistent interest rates, good inflation-adjusted results from bonds, and outright terrific stock performance. If the S&P 500 remains positive at year-end, it will be the index's third-longest winning stretch since Ike was president, trailing only the bull markets of the '80s (which deserves an asterisk, as 1987 finished in the black but felt anything but) and the '90s.
Six years ago, few saw this coming. Where we collectively erred: