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SoL #10: Happy Birthday, Bull!

Today marks the 5th birthday of the current Wall Street bull market, which started on March 10th, 2009. The day before that, the S&P 500 hit its nearly 13-year closing low of 676.53 due to the stock market crash during the financial crisis. In the 5 years since, the index has not only recouped its losses, but soared far above the previous peak in 2007. The index's total return (including dividends) over that time has been north of 200%. This means that disciplined investors who saw undervaluation as a result of fear and invested near the lows have seen their money approximately triple.

^SPXTR Chart

We cannot really be sure of what the future holds, we can be nearly certain that this bull has already lived the majority of its lifespan. The concensus seems to be that the market is fairly valued; we are not in for a huge rally, but we are unlikely to see a crash either. Regardless of the index, as the saying goes, "There is always a bull market somewhere." I think there are still undervalued opportunities out there to invest in.