World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Bull Market Five Years On: Still Celebrating
Keywords:
By March 2014 the U.S. stock market has seen 5 years of gains since the low reached in 2009. The Dow Jones Industrial Average (DJIA) increased 151% since March 9, 2009, when it hit a low with the global financial crisis. The Dow was at 16452 on March 7, 2014, the S&P 500 at 1878. This makes it the fifth longest running-comparable to the one after 1987- and the fifth in gains since 1900, according to Ned Davis Research. S&P 500 trades at 16 times component companies earnings for the past year, according to the FactSet, similiar to the level at which stocks peaked in 2007. Using a measure developed by Robert Shiller with a 10 year average of earnings gives a P/E ratio of 25 times earnings, compared to historical average of 16.5, and 27.5 in 2007. Shiller's measure reached its current level in 2003 before the bull market ended in 2007. The biggest support for the stock market has been Federal Reserve support by buying $3 trillion in bonds in the open market since 2008. This support is gradually being reduced as the economy recovers.
A Federal Reserve sponsored bull market in the U.S.
09/24/2009
With quantitative easing (QE), the Fed creating money to buy Treasury bonds at a fast pace, and with inflation "exceptionally low" in the Fed's words, there is considerable liquidity to support the surge in stocks. But this could change quickly. Investors would benefit from caution.
Grouped Articles
Wall Street Journal 05/08/2013
Wall Street Journal 05/11/2013
Stockmarkets: Don’t worry, be happy
Economist 05/27/2013
Wall Street Journal 05/29/2013
Wall Street Journal 11/17/2013
An About-Face for the Stock Market’s 5-Year Return
New York Times 02/15/2014
Robert Shiller on U.S., European and emerging market stock markets in November 2013 and August 2014
11/17/2013
Grouped Articles
Wall Street Journal 11/17/2013
Wall Street Journal 11/17/2013
Some Stock Bulls Tread Lightly Into 2014
Wall Street Journal 11/22/2013
Four Reasons Why Nasdaq 4000 Differs From Tech Bubble
Wall Street Journal 11/26/2013
The Best Financial Advice I Ever Got (or Gave)
Wall Street Journal 12/28/2013
Winners of 2013: Boring Investors
Wall Street Journal 12/31/2013
The Bernanke Federal Reserve and the U.S. Stock Market
01/02/2009
The Fed's support of the U.S. stock market with the $600 billion quantitative easing.
Grouped Articles
A Hawkish Signal Bernanke Didn't Send
Wall Street Journal 06/25/2013
FX HORIZONS: The Fed’s Risky Codependency with Markets
Wall Street Journal 07/11/2013
Wall Street Journal 08/18/2013
In Surprise, Fed Decides to Maintain Pace of Stimulus
New York Times 09/18/2013
Bull Market Five Years On: Still Celebrating
Wall Street Journal 03/08/2014
The Fed Places Stock in the Bull Market
Wall Street Journal 03/23/2011
U.S. stock market volatility 2011-2014
08/08/2011
Grouped Articles
QE2-Inspired Stock Rally May Soon Disappear
Wall Street Journal 08/08/2011
An About-Face for the Stock Market’s 5-Year Return
New York Times 02/15/2014
Bull Market Five Years On: Still Celebrating
Wall Street Journal 03/08/2014
Wall Street Journal 03/08/2014
Opening the Box on Tech Stocks' Next Move
Wall Street Journal 04/10/2014
Stock-Market Jitters Put Investors at Ease
Wall Street Journal 04/14/2014
Lessons from the strong U.S. stock market recovery 2009-2014
06/06/2009
Grouped Articles
Bull Market Five Years On: Still Celebrating
Wall Street Journal 03/08/2014
Wall Street Journal 03/08/2014
Shiller Metric Carries Warning for Stocks
Wall Street Journal 03/24/2014
Stock Investors See Hints of a Stronger Quarter
Wall Street Journal 04/01/2014
Opening the Box on Tech Stocks' Next Move
Wall Street Journal 04/10/2014
Stock-Market Jitters Put Investors at Ease
Wall Street Journal 04/14/2014
Mark Hulbert of the Hulbert Financial Digest on U.S. stock markets in October 2013
11/17/2013
Grouped Articles
Wall Street Journal 11/17/2013
Some Stock Bulls Tread Lightly Into 2014
Wall Street Journal 11/22/2013
Four Reasons Why Nasdaq 4000 Differs From Tech Bubble
Wall Street Journal 11/26/2013
The Best Financial Advice I Ever Got (or Gave)
Wall Street Journal 12/28/2013
Winners of 2013: Boring Investors
Wall Street Journal 12/31/2013
Bull Market Five Years On: Still Celebrating
Wall Street Journal 03/08/2014
Shiller cyclically adjusted price earnings ratios (CAPE) for the U.S., Europe and emerging market countries in 2013-2014
02/01/2013
P/E ratios in 2013 for stocks in the U.S., Europe and emerging market countries. A large gap between the U.S. and Europe.
Grouped Articles
Stockmarkets: Don’t worry, be happy
Economist 05/27/2013
Wall Street Journal 11/17/2013
Four Reasons Why Nasdaq 4000 Differs From Tech Bubble
Wall Street Journal 11/26/2013
Bull Market Five Years On: Still Celebrating
Wall Street Journal 03/08/2014
Shiller Metric Carries Warning for Stocks
Wall Street Journal 03/24/2014
Confidence and Its Effects on the Economy
New York Times 03/09/2013
U.S. stock, commodity and currency markets in 2012-2014
03/18/2012
Grouped Articles
Wall Street Journal 05/08/2013
Stockmarkets: Don’t worry, be happy
Economist 05/27/2013
Wall Street Journal 08/18/2013
Wall Street Journal 11/17/2013
Wall Street Journal 11/28/2013
Four Reasons Why Nasdaq 4000 Differs From Tech Bubble
Wall Street Journal 11/26/2013
U.S. stock market 1st quarter 2014
04/08/2013
Grouped Articles
Goldman's Shot Across Stocks' Bow: 'Lofty by Almost Any Measure'
Wall Street Journal 01/14/2014
Wall Street Journal 02/04/2014
Wall Street Journal 03/08/2014
Bull Market Five Years On: Still Celebrating
Wall Street Journal 03/08/2014
Shiller Metric Carries Warning for Stocks
Wall Street Journal 03/24/2014
Japanâs Moves to Weaken the Yen Have a Global Effect
New York Times 04/08/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us