Market Extra: The unrelenting stock-market bull run demands some respect at its 8th anniversary

Since March 9, 2009, the S&P 500 index of large-capitalization companies has risen 250%, while delivering a total return of 316%.

But the road to riches for investors hasn’t been without its anxious moments, with many fearing that the market, partially propped up by the Federal Reserve’s ultraloose monetary policy, was in constant danger of collapse.

Following is a chart of the multiyear procession to new heights and the calls, both bullish and bearish, articulated by some of Wall Street’s brightest minds. Perhaps the clearest takeaway from the 8-year-old bull market so far has been that betting against the S&P 500 index SPX, -0.23% an the Dow Jones Industrial Average DJIA, -0.33% over a long period has been a losing game.

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