Is the stock market at a high?
LPL recently published a chart that shows how this bull market, which began in March last year, compares to the bull market starts of 1982 and 2009 (watch the video above for the chart). This graph illustrates that past bull markets, have exhibited an early period of fast gains, followed by a period where the markets move sideways, or take a breather if you will. Our current bull market has followed this period of fast gains quite closely, and it would not surprise us if our current market took a breather for a few months.
However, we think it would be presumptuous to assume that because growth slows for a period, it indicates the end of a bull market. History tells us, that we might have multiple years of growth before the next market downturn.