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Mark Hulbert: This bull market is 10 years old? Try three months

A previous version of this column erroneously reported that the 2015-16 stock market decline appeared on the bull/bear market calendar maintained by Jack Schannep, editor of TheDowTheory.com.

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The birthday party Wall Street is throwing for the bull market’s 10th birthday is a fraud.

The revelers insist that the bull market began on March 9, 2009. Yet that bull market came to an end long ago. If we’re even in a bull market right now — and that is not for sure — an argument can be made that it’s less than three months old.

Consider the semi-official definition of a bear market as a 20% decline in one or more of the major market averages.

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