Infographic: Running with the bulls

Secular bull markets can last a long time


Continued economic growth, solid earnings fundamentals, attractive value relative to bonds and an ongoing absence of investor euphoria all bolster the secular bull case. The last two post-World War II secular bull markets lasted an average of nearly 20 years. Although there typically are periods of decline in a secular bull market, long-term investors tend to be rewarded by staying invested.


Sources: Bloomberg and Ned Davis Research, Inc.

Past performance is no guarantee of future results.

For illustrative purposes only and not representative of performance for any specific investment.

S&P 500 Index: A capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

Indexes are unmanaged and cannot be invested in directly.

The value of equity securities will rise and fall. These fluctuations could be a sustained trend or a drastic movement.

A bull market is a financial market of a group of securities in which prices are rising or are expected to rise.