From AP News:
NEW YORK (AP) – 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.
Since rising from the rubble of the financial crisis in 2009, this bull market has faced several near-death experiences. Worries about everything from debt problems in Europe to the global trade war have nearly derailed it at various points over the past decade.
But in each instance, the market steadied itself before notching a 20% loss, a reversal that would have turned the bull market into a bear. It sustained itself even as other investments, such as oil and stocks from other countries, long ago fell into their own bear markets.
"It's been one bull run, but there have been stages to it," said Michael Cuggino, portfolio manager and president of Permanent Portfolio Family of Funds. "Because of that, it's been harder to kill off, and it's had a better run than you'd expect."
This bull market has rewarded the faithful with a return of more than 400%, 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...