Replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange, Tuesday, April 24, 2018, in New York. Stocks are closing sharply lower on Wall Street as big technology and industrial companies take heavy losses. (AP Photo/Mary Altaffer)

Wall Street is in its longest bull market ever

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At the close of trading in New York on Wednesday, August 22, Wall Street set the record for the longest bull market in history.

Published   |  Photo by AP Photo/Mary Altaffer
Replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange, Tuesday, April 24, 2018, in New York. Stocks are closing sharply lower on Wall Street as big technology and industrial companies take heavy losses. (AP Photo/Mary Altaffer)
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The last low set by the S&P 500 was on March 9, 2009. It’s been 3,453 days of solid growth since then, with the S&P 500 climbing more than 320% over that period.

Replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange, Tuesday, April 24, 2018, in New York. Stocks are closing sharply lower on Wall Street as big technology and industrial companies take heavy losses. (AP Photo/Mary Altaffer)
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Corporate tax cuts and loose banking policies have helped stave off a slowdown and several turbulent quarters. The only question now is when a market correction ends this run.

Replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange, Tuesday, April 24, 2018, in New York. Stocks are closing sharply lower on Wall Street as big technology and industrial companies take heavy losses. (AP Photo/Mary Altaffer)
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Longest S&P 500 bull markets in history

Replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange, Tuesday, April 24, 2018, in New York. Stocks are closing sharply lower on Wall Street as big technology and industrial companies take heavy losses. (AP Photo/Mary Altaffer)
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The biggest contributor has been Apple, which became the first US public company valued at $1 trillion. Medical device company Abiomed secured the biggest stock gains, up 6,900% since March 2009.

Replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange, Tuesday, April 24, 2018, in New York. Stocks are closing sharply lower on Wall Street as big technology and industrial companies take heavy losses. (AP Photo/Mary Altaffer)
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But on an annualized basis, market returns turned in a weak 16.5% per year. The 1990-2000 bull market produced a 19% return, while the 1930s returned just under 36%.

Replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange, Tuesday, April 24, 2018, in New York. Stocks are closing sharply lower on Wall Street as big technology and industrial companies take heavy losses. (AP Photo/Mary Altaffer)
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The bull run means even less if you’re not rich: Half of US households have no stocks or retirement investments. More than 80% of all US-owned stocks are held by the wealthiest 10% of households.

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