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IPFS News Link • Stock Market

"Get The Champagne Out":

• zerohedge.com by Tyler Durden

In many perplexing ways, the market's performance since the Global Financial Crisis has been unprecedented: starting with the deepest recession since the Great Depression, the subsequent bull market has been on an unprecedented run for the past decade, aided and abetted by trillions in central bank liquidity that have pushed global interest rates to historic lows, suppressed volatility and supported the S&P since its March 2009 lows so that there has not been a single 20% drop in the past 10 years, resulting in a 325% cumulative return and 17.7% annualized.

Last September, the S&P's run became the second longest bull market in history.

Then, during this year's January melt up, the S&P500 bull market became the 2nd largest of all time on Friday Jan 26th, when the index hit an all time high of 2873.

And now, Bank of America's Chief Investment Officer Michael Hartnett writes to "Get the champagne out For US stocks", because we are now just 14 trading days to go until the S&P 500 bull market becomes the longest of all-time, at 3,543 days, on August 22, 2018.


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