What happened to the bull market?

Regan talks about the bull market. The 11-year bull market in US equities is over, at least by one measure. At the close of trading on Mar 11, the Dow Jones Industrial Average had recorded a 20% drop from its highest point. The S&P 500 closed 19% below its high, just outside of bear territory. B...

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Bibliographic Details
Published in:Bloomberg businessweek (Online) 2020-03 (4649), p.8
Main Author: Regan, Michael P
Format: Magazinearticle
Language:English
Subjects:
Bull markets
Dow Jones averages
Economic conditions
Stock prices
Online Access:Get full text
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Summary:Regan talks about the bull market. The 11-year bull market in US equities is over, at least by one measure. At the close of trading on Mar 11, the Dow Jones Industrial Average had recorded a 20% drop from its highest point. The S&P 500 closed 19% below its high, just outside of bear territory. But the events of recent days had already provided the sense of an ending--the world was anxious about much more than stock prices. The bull market seemed to withstand any challenge thrown its way. Maybe that explains the indestructible sense of optimism priced into the market as 2020 got under way, with the US-China trade war widely believed to be in the rearview mirror.
ISSN:0007-7135
2162-657X