FYI: The S&P 500 is now seven years removed from its financial crisis low of 676.53 hit on 3/9/09. There’s been a lot of talk about “the bull market turning 7 years old” today, but that’s actually not the case. For the bull market to officially turn seven, the S&P 500 needs to take out its May 21st, 2015 high without dropping 20% from that high beforehand. Until the 5/21/15 high is eclipsed, the age of the bull remains at 6.2 years (3/9/09 to 5/21/15).
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-seven-years-later/