Commentary

The bull market began 10 years ago; why aren't more people celebrating?

Many share investors are baby boomers who might have cashed in and splashed out their gains 20 years ago but are now focused on protecting their wealth as retirement nears

In the decade since the bull market began, the share of Americans investing via index funds, which aim to mimic the performance of benchmarks like the S&P 500, has risen significantly.
In the decade since the bull market began, the share of Americans investing via index funds, which aim to mimic the performance of benchmarks like the S&P 500, has risen significantly.PHOTO: BLOOMBERG

The financial system had nearly collapsed. It was March 2009 and one of the best times in a generation to buy stocks.

A decade later, the bull market that began back then ranks among the great rallies in stock market history. The over 300 per cent surge in the S&P 500 is the index's second-best run ever.

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A version of this article appeared in the print edition of The Straits Times on March 18, 2019, with the headline 'The bull market began 10 years ago; why aren't more people celebrating? Commentary'. Subscribe