The 1,000+ Day Club
Friday, February 24, 2012 at 12:24PM The S&P 500 is currently about five points above its prior bull market closing high of 1,363.61 reached last April 29th. A bull market is defined as a rally of at least 20% that was preceded by a decline of at least 20%. Since the S&P 500 never closed down more than 20% from its April 29th closing high, we've simply been in a correction for the last 301 days.
To re-confirm the bull market, the S&P needs to close above 1,363.61 today. If it does, it will mean that the current bull market has surpassed the 1,000 day mark. Below is a table of historical bull markets for the S&P 500 sorted from longest to shortest. As shown, the current bull (if we close at a new high today) would be one of just nine that has lasted more than 1,000 days.
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