Economic Insights – April 2014

On March 10, 2009, equities jumped 6 percent and never returned to the panic lows set the day before.  Just over five years later, returns have exceeded 200 percent. 

This milestone raises two important questions, "When will this bull market end?" and "What kinds of events will transition this bull market into a bear market?"

Let's focus on that second question, since it will help us to answer the first one.

One of the most common events that ends a bull market is a recession.  Obviously, at some point, some sort of reces.....