Rolling Bears

The U.S. stock market is currently in the second longest bull market in history. This fact alone has raised understandable concerns for many investors that a new bear market is overdue if for no other reason than the natural cyclicality of the economy and the financial system. But when digging under the surface of the current bull market, a worthwhile question should be raised. Did we just emerge from what was effectively a bear market over the last couple of years?

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