Below is the five-year chart of the S&P 500. Without a doubt, the bottom that was reached in March 2009 was exceptional, but the four plus years subsequent to that have still been quite an impressive run.
(click to enlarge)
While it is possible that the market might continue climbing steadily higher for the next five years, chances are that we aren't going to see the entire market double again.
Valuations aren't as attractive now as they have been in recent years and that means that we as investors need to work harder and be more careful.
When the market is rolling like it has been, everyone does well. It is like sailing with the wind at your back. When
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|