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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

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

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