What Doesn't Kill Bull Market in Stocks May Make It Stronger
- Equity funds see near-record outflows into 7th anniversary
- No faith in bank shares as valuation discount persists
Bull Market Celebrates Its Seventh Anniversary
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“How low can stocks go,” the Wall Street Journal wondered on March 9, 2009, as the financial crisis was wiping away trillions of dollars from American equities, the deepest rout since the Great Depression.
That day, of course, marked the bottom. The bull market that celebrates its seventh anniversary today has restored $14 trillion to stock values, pushing up the Standard & Poor’s 500 Index by almost 200 percent.