US bull market becomes the longest in modern financial history

The US stock market has been on the up since 9 March 2009. Bruce Whitfield interviews veteran stockbroker David Shapiro.

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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

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