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Article: Bull market doesn't match strong run of 1923-'29
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- June 8, 1998
- Author:
CopyrightCopyright 1998 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Nearly 16 years into a long-term bull market, stocks have advanced
further than during any equivalent period of the 20th century,
including the legendary 1942-'72 bull run that ultimately saw prices
climb 14-fold over a 30-year period.
As measured by the S&P 500 index, the average U.S. stock is now
10 times higher than when the bull market started in August 1982.
That's roughly double the size of the advance posted at the same
stage of the 1942 rally.
While many analysts define bull and bear markets in a cyclical
context, i.e., advances and declines of 20% or more that typically
track one round trip through a business cycle, it can be useful to
view stock-price movements in a larger ...