The bull market turns 10 years old

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The longest bull market in American history was dealt a scary brush with death late last year. But it survived, narrowly, and it's now been alive for a decade. The S&P 500 has more than quadrupled from its devil's bottom of 666 in March 2009. The Dow has spiked nearly 19,000 points, or almost 300%. And the Nasdaq has skyrocketed just under 500%. The remarkable bull market reflects the slow-but-steady recovery in the economy, record corporate profits and ridiculously easy money from global central bankers. Extremely low interest rates and massive central bank balance sheets left investors hoping to generate decent returns with little choice but to gamble on risky stocks.

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