The bull market turns 3,453 days old on Wednesday. It's the longest period of uninterrupted gains in American history.
The remarkable run began on March 9, 2009, in the ashes of the Great Recession and the scariest financial crisis since the 1930s.
The slow-but-steady economic recovery, coupled with unprecedented aid from the Federal Reserve, catapulted the Dow from around 6,500 to nearly 26,000 today. The S&P 500 has quadrupled from its 2009 low of 666. And market darlings like Netflix (NFLX) and Amazon (AMZN)have skyrocketed much further.
The bull market narrowly survived countless panic attacks from crisis-scarred investors along the way. There was the downgrade of America's credit rating in 2011, the feared collapse of the euro, China's alarming economic slowdown and the dramatic crash in oil prices.
Yet each scare failed to derail the steady rise of the economy and corporate profits that has underpinned Wall Street's record-breaking run. There were close calls, but the S&P 500 never dropped 20%, the trigger for a new bear market.
Still, the lingering doubt about the market led some to call it the most hated bull market ever.
"No one believed in it all the way through," said David Kelly, chief global strategist at JPMorgan Funds. "The pessimism that's been a hallmark of the bull market has actually ensured its longevity."
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