Mark Hulbert: Here’s the stock market anniversary Wall Street wants you to forget

This week represents the 17th birthday of the longest equity bear market in U.S. history. Good luck finding anyone “celebrating” that birthday, much less even mentioning it.

That’s because everyone is falling over themselves this week commemorating another anniversary — the allegedly longest bull market in history. They’re referring to the bull market that began eight years ago, on Mar. 10, 2009. In fact, however, their celebrations are yet more evidence of the irrational exuberance that is building on Wall Street.

The bull market that began in March 2009 died many years ago.

The existence of this record-setting bear market is just one reason why their celebrations are inappropriate.

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