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Article: AGING BULL MARKET TRICKIER.(MoneyWise)
- Article from:
- The Cincinnati Post (Cincinnati, OH)
- Article date:
- October 12, 2004
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Byline: Meg Richards Associated Press
NEW YORK -- The bull market is entering its third year this week, but it may not be a happy birthday for investors. Rising interest rates and decelerating earnings are likely to weigh heavily on stocks, and lofty energy prices could stifle whatever gains are left in the months ahead.
Oct. 9, 2002, was a gruesome day on Wall Street, with the major indexes striking five- and six-year lows on bearish brokerage reports. But it also proved to be a turning point for the Standard & Poor's 500. And seven months later when that index had risen 20 percent -- the classic definition of a bull market -- economists at S&P ...