Longest Bull Run in History Heads Toward DOW 30,000 as Stock Boom Continues
It's been a happy season on Wall Street lately as the bull market in stocks is now being considered by some as the longest bull market ever.
The stock market bottomed on March 9, 2009, and despite some corrections, it's been heading up ever since, getting a big boost after President Trump won the election in November of 2016.
The Standard and Poor's 500 is near its record high. And many analysts say the bull market still has room to run.
On Wednesday, the S&P 500 dipped 1 point to 2,861 for the day while the Dow Jones Industrial Average fell 88 points, or 0.3%, to 25,733 and the Nasdaq composite rose 29 points, or 0.4%, to 7,889.
Overall, the widely watched Dow Jones Industrials is well past 25,000 and some believe it could reach 30,000 before the bull market ends.
Other market analysts say not so fast. They say this bull market would have to run until June 2021 to set the record, claiming the longest bull market ran 4,494 days between Dec. 4, 1987, and March 24, 2000.
The debate centers around whether a downturn in 1990 should be considered a bear market - generally accepted by stock market geeks to be a 20 percent decline from a previous high. It also involves the familiar mathematical concept of rounding.
The other side of the argument holds that the 1990 decline was just a deep "correction" - which market watchers define as a decline of more than 10 percent but not quite a bear market - and didn't put an end to the bull market that began in late 1987.
However, most media outlets, including The Associated Press, agree with the S&P and Dow Jones Indices' conclusion that the current bull market is about to become the longest of all time.
