FYI: The party has been going for more than a decade. But a lot of Americans haven’t been celebrating.
Stocks will cross a major threshold on Wednesday, when the 10-year-old bull market will arguably become the longest on record.
It ranks among the great booms in American market history. The Standard & Poor’s 500-stock index has soared more than 320 percent since emerging from the rubble of the financial crisis in March 2009, creating more than $18 trillion in wealth.
But the gains haven’t been spread among the masses. Stock market wealth is heavily concentrated among the richest families.
Regards,
Ted
https://www.nytimes.com/2018/08/22/business/bull-market-stocks.html
