Since the bottom in 2009, over the past nine and a half years, the S&P 500 has returned 302%, one of the greatest bull markets in history. Indeed, according to a recent presentation by JP Morgan Asset Management on the outlook for equities for the third quarter of 2018, this market expansion is triple the gain of 101% reported between the October 9th, 2002 post-dot-com crash low and October 2007 peak. From 1,565 in October 2007 to just over 2,700 today, the S&P 500 has nearly doubled over the past 11 years. For the majority of last year, this performance…
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