Streaming issues? Report here
702 logo Gradients 702 logo Gradients
Late Night Talk
00:00 - 04:00
volume_up
volume_mute

Up Next: Early Breakfast
See full line-up
Late Night Talk
00:00 - 04:00

Home
arrow_forward
Business

US bull market becomes the longest in modern financial history

22 August 2018 7:35 PM
Tags:
Donald Trump
Bull run
US economy
bull market
The US stock market has been on the up since 9 March 2009. Bruce Whitfield interviews veteran stockbroker David Shapiro.

Look around the world. We're the best game in town.

David Nelson, Belpointe Chief Strategist

It’s been 3453 days since the current US bull market started, the longest since the Second World War.

It has done this by avoiding a 20% or more decline for since 9 March 2009.

President Donald Trump’s tax reforms may extend this remarkable run by quite a bit.

In December he signed a law that permanently lowered corporate taxes from 35% to 21%.

The law also lowered taxes for individuals and doubled the standard deductions.

As a result, corporate revenues are booming.

The US economy – by far the largest in the world – grew by a whopping 4.1% in the second quarter of 2018, a near four-year record.

The Money Show’s Bruce Whitfield interviewed veteran stockbroker David Shapiro.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

No! [When asked if this scares him.]… I’m happy that this can continue…

David Shapiro

There is [always a calamity] because people lose their heads… We haven’t had it in this market… We can continue like this for some time without a calamitous fall.

David Shapiro

We haven’t started yet! As long as interest rates are low… I don’t see the kind of calamitous falls we’ve seen in the past.

David Shapiro

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:


22 August 2018 7:35 PM
Tags:
Donald Trump
Bull run
US economy
bull market

More from Business

151007BrianHabana-gif.gif

Shapeshifter: Springbok-turned-businessman, Bryan Habana

3 June 2020 8:18 PM

Former Springbok Bryan Habana about where he is at this point of his career.

Share this:
Read More arrow_forward

download-20jpg

Skynamo is positioning its sales solution to help reps work safely in the field

3 June 2020 7:18 PM

Skynamo is a Field Sales management and productivity app used by manufacturers, distributors and wholesalers.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

How long before everyone has access to financial services

3 June 2020 7:15 PM

Only 54% of South Africans had a bank account in 2004, the goal is to make that 90% by 2030, where are we now.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

Government has two weeks to overhaul lockdown regulations

3 June 2020 6:42 PM

Government has two weeks to overhaul lockdown regulations they say were put in place to curb the spread of the coronavirus, or win an appeal.

Share this:
Read More arrow_forward

vertical-logopng

University of Pretoria launches free National Support Portal for SMMEs

2 June 2020 7:45 PM

The University of Pretoria's Centre for Entrepreneurship has launched a free National Support Portal for SMMEs.

Share this:
Read More arrow_forward

Sorry we closed small business 123rfbusiness 123rf

What is the cash register till showing for small enterprises?

2 June 2020 7:18 PM

The Yoco Small Business Recovery Monitor is a live, publicly available, small business transaction data resource.

Share this:
Read More arrow_forward

sweepsouth-articleheader-700x300jpg

Are job opportunities picking up for domestic workers again?

2 June 2020 7:08 PM

Domestic workers and gardeners are allowed back at work this week, as lockdown restrictions relax under Level 3.

Share this:
Read More arrow_forward

eskom-logojfif

Can we see from electricity usage if the economy is kicking off again?

2 June 2020 6:39 PM

Level 3 of lockdown started this week and business is picking up.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

Hard decisions - a CEO talks about navigating the turbulence of Covid-19

1 June 2020 8:31 PM

National and business leaders have had to make some difficult decisions and will be expected to make many more as the crisis continues.

Share this:
Read More arrow_forward

Cash money rands

Purchasing Managers' Index remains in depressed territory

1 June 2020 7:37 PM

The Purchasing Managers' Index remains dismal, stuck, depressed - suggesting subdued activity.

Share this:
Read More arrow_forward