Eight years ago this week, the greatest buying opportunity in the lifetime of just about everybody reading this note came and went with little fanfare (as is usually the case at bottoms and tops). Even if you missed the exact low, though, there have been plenty of opportunities along the way to hop on, as the second longest and third strongest bull market of all time charged ahead. In terms of strength, if the S&P 500 rallies 4% from its 3/1 high, the current bull will also move into second place in terms of strength as well. Is there still any path left to ride for this bull?
Of the current members in the S&P 500, 39 have posted quadruple-digit returns since 3/9/09 (that’s over 1,000%!), including three that are up over 6,000%! On the other end of the spectrum, just 16 current members of the S&P 500 are down in the last eight years. In order to save anyone the potential frustration of either not owning the biggest winners or maybe owning some of the losers, we will refrain from listing either list here to help ensure that we don’t ruin your weekend.
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Have a great weekend!