10 Mar 2016
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Update- Market Metrics: America’s 7 year bull market
The US bull market officially passed the 7 year mark yesterday since the Dow Jones Industrial Index bottomed out at 6,547 in 2009 after having reached a all-time high close of 14,164 on the 9th October 2007.
The Dow Jones Industrial Index has gone on to post a new all-time high close of 18,312 which was reached on the 19th May 2015.
By comparison the Australian All Ordinaries Index closed at 3,111 on the 6th March 2009 which was a 54.6% drop from its 6,853 all-time high close on the 1st November 2007.
The good news is that we did achieve a mini peak last year at 5,937 on 25th March 2015 but we are still nowhere near passing the 6,800 mark after 7 years.
The question now is how much longer can the US bull market run before it busts? And what do you do about it?
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.