March 8, 2017

Eight years ago tomorrow, the S&P 500 closed at its lowest level of the financial crisis, marking the end of the worst bear market since the Great Depression (down 57% from the highs). Going back to WWII[1], this is now the second-longest bull market ever at 97 months, with only the bull market during the 1990s longer. The S&P 500 is up 250.0% since the 2009 lows. This ranks as the third-best return during a bull market since WWII, with only the 1950s and 1990s bull markets up more.

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