Since 1993, the S&P 500 has experienced 14 bull markets and 14 bear markets (including the current one). According to these data, during a bull market: ▫the index rises on average by 177.6% ▫duration on average = 4.9 years during the bear market: ▫the index falls on average by 35% ▫duration on average = 1.5 years. The bull market that began in 2009 deserves special attention: for almost 11 years, the index grew without a single correction by 20%.
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