Date: 30 August, 2018 - Blog
Last week, the S&P 500 index broke 2 records: the historical level at 2’874.69 points and the longest bull market.
Bull Markets since 1932
However, there is a little debate about the current bull market record. Some argue that the longest bull market is that of the period from December 4, 1987 to March 24, 2000 with 4’494 days, significantly higher than the current one. Explanation: between July and September 1990, the S&P 500 corrected by 20.36% during the sessions, while the correction was only 19.92% if we take the closing prices. It will be recalled that the definition of a bear market is a drop equal to or greater than 20% and in general consider closing levels. Everyone will have their opinion. The largest number seems to have chosen his side: the longest bull market is the current one. However, there are still 1,036 days (almost 3 years) for the current bull market to get everyone in agreement.
- No reason that the current S&P500 bull market does not continue, neither technical nor fundamental
