william frederick roberts

So it seems our creeping, sorrowful bull needs to put on another 200% to catch up to the S and P. A glance at a 10-year monthly chart tells me our XJO fell 24.3% (presumably including intra-day) in 2011, bottoming late July. It then fell 21.5% in 2016, bottoming late January. So theoretically we are only about 2.5 years into our latest bull! Plenty of time to make up that 200%.

Linton Rousseau

Is it not more useful to compare the returns and valuations at the ends of previous bull runs against present returns and valuations?