WHEN DID THE BULL MARKET TRULY START?

For sure, everybody is interested more on the question “when ends”, but before to answer that question first make sense to figure that out when was exactly started the run up.

Vast majority of investors are pretty concerned because five years rally passed, but in fact it is not true that is only a market myth that this bull market started in 2009. Actually, until the middle of 2013, SP500 was moving in a giant sideways channel. The bull market just started in 2013. Look at this chart below.

So here it can come the next question, when ends the rally? Sorry folks, I have bad news, I don’t have a faintest idea, but… – here comes the big but – if you look at the chart above you can easily figure that out of this period is not the end of the rally, it is only beginning of the bullish rally. The breakout after 14 years sideway moves just happened last year. SP500 has just broken out in 2013 September.

The chart below shows the sixth year of uptrend means nothing and doesn’t mean bubble at all which needs it burst shortly. It is only one of our bias. It seems for us too long, but it doesn’t really, if you look at the chart below pretty easy to pick up the point that an average rally period exists over 150 months and we only passed in bullish mood 61 months.

When the Dow is up 68 points in the last six months, is the talking about bubbles truly reasonable?

The BFM Assets Team.