The Bull Market Turns 2,000 Days Old

Bespoke Investment Group points out that the bull market is now 2,000 days old. That makes it older than SnapChat and Tinder combined. It’s also the fourth-longest bull market since 1928.

The stock market is down in early trading today. One exception is Microsoft ($MSFT) which jumped as high as $46.80 per share. The software giant is now at a 14.5-year high. The last time MSFT was this high was March 31, 2000. The stock hit its all-time peak on December 27, 1999 when it closed at $59.56 per share.

The all-time low came in March 1986, a few days after the IPO, when MSFT closed at nine cents per share. At the time, that was $26 per share but it needs to be adjusted for several splits totaling 288-for-1. The stock vaulted more than 650-fold within 14 years of its IPO. Only now are we within reasonable distance of that all-time high.
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Posted by on September 8th, 2014 at 11:46 am


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