All that money-printing and artificially low interest rates by the Federal Reserve has really helped the U.S. stock market.
Since March 9, 2009, or nearly 3,500 days later, the stock market has surged more than 300 percent. This will beat the rally from 1999 to 2000 and will also become the longest bull market on record.
Here is a great chart from CNBC that highlights all of the bull markets since the Second World War:
Despite all the doom and gloom calls from Peter Schiff, Jim Rogers, and Marc Faber, the Dow Jones and the S&P 500 still seem like they have some legs. But this has more to do with the Fed printing press than sound fundamentals.
With interest rates creeping up, making borrowing more expensive and being indebted costly, it is inevitable that the bull market will deflate. That said, it’s a sad state of affairs when the U.S. dollar is seen as a safe-haven asset in this time of volatility and turmoil, but gold and silver are viewed as assets to avoid.
Yuck.
For the perpetual bears, you can take solace in the fact that the next recession will be deadly and much worse than the Great Depression and the Great Recession.
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