<p>A savvy investor who managed to time the start of Wall Street's bull market a decade ago - and hold on since then - would now be sitting on a handsome windfall.</p>

<p>Born in the ashes of the financial crisis, Wall Street's oldest-ever bull market turns 10 years old on Saturday, with the S&amp;P 500 tripling in value and amply rewarding investors who have owned funds tracking the index for that period.</p>

<p>The S&amp;P 500's post-crisis low close was 676.53 points on March 9, 2009. During the previous session on March 6, it touched an intraday low of 666.79, which came to be known as the "devil's low."</p>

<p>On Friday, the benchmark index closed at 2,743.07, down 2 per cent for the week.</p>

<p>Extraordinary efforts by the US Federal Reserve to foster an economic recovery from the financial crisis through asset purchases and rock-bottom interest rates have provided essential support for the market during its bull run. Sweeping corporate tax cuts passed by President Donald Trump fuelled market gains for much of 2018, before a steep sell-off starting in September that raised fears the bull run was coming to the end.</p>

<p>Investors who bought and kept shares in cosmetics retailer Ulta Beauty on March 9, 2009, would have seen their investment gain nearly 7,000 per cent during that time, more than any other stock on the S&amp;P 500. Netflix is the second biggest performer over the past decade, up over 6,000 per cent.</p>

<p>At the other extreme, telecommunications company CenturyLink has slumped almost 50 per cent since the start of the bull run, more than any other stock still in the S&amp;P 500.</p>

<p>The S&amp;P 500 has turned in a handsome annualised return of 15 per cent during the bull market, with the consumer discretionary and information technology indexes each up about 20 per cent annually.</p>

<p>But timing is everything. An investor who bought the S&amp;P 500 a year before the bull market began would have had to weather steep losses, trimming the S&amp;P 500's annualised return since then to 7 per cent and narrowing the consumer discretionary and information technology sectors' annualised gains to 12 per cent.</p>

<p>With analysts slashing estimates for US&nbsp;banks and other multinationals, the S&amp;P 500 traded at a low-point of 10.6 times expected earnings in December 2008, before Wall Street's bear market ended and turned the corner. It is now trading at 16.5 times expected earnings, according to Refinitiv.</p>

<p>After dropping 19.8 per cent from its record high close on Sept. 20 through Dec. 24, the S&amp;P 500 has slowly recovered and is now just 7 per cent short of regaining that high.</p>


A savvy investor who managed to time the start of Wall Street's bull market a decade ago - and hold on since then - would now be sitting on a handsome windfall. Born in the ashes of the financial crisis, Wall Street's oldest-ever bull market turns 10 years old on Saturday, with the S&P 500 tripling in value and amply rewarding investors who have owned funds tracking the index for that period.

A savvy investor who managed to time the start of Wall Street's bull market a decade ago - and hold on since then - would now be sitting on a handsome windfall. Born in the ashes of the financial crisis, Wall Street's oldest-ever bull market turns 10 years old on Saturday, with the S&P 500 tripling in value and amply rewarding investors who have owned funds tracking the index for that period. The S&P 500's post-crisis low close was 676.53 points on March 9, 2009. During the previous session on March 6, it touched an intraday low of 666.79, which came to be known as the "devil's low." On Friday, the benchmark index closed at 2,743.07, down 2 per cent for the week. Extraordinary efforts by the US Federal Reserve to foster an economic recovery from the financial crisis through asset purchases and rock-bottom interest rates have provided essential support for the market during its bull run. Sweeping corporate tax cuts passed by President Donald Trump fuelled market gains for much of 2018, before a steep sell-off starting in September that raised fears the bull run was coming to the end. Investors who bought and kept shares in cosmetics retailer Ulta Beauty on March 9, 2009, would have seen their investment gain nearly 7,000 per cent during that time, more than any other stock on the S&P 500. Netflix is the second biggest performer over the past decade, up over 6,000 per cent. At the other extreme, telecommunications company CenturyLink has slumped almost 50 per cent since the start of the bull run, more than any other stock still in the S&P 500. The S&P 500 has turned in a handsome annualised return of 15 per cent during the bull market, with the consumer discretionary and information technology indexes each up about 20 per cent annually. But timing is everything. An investor who bought the S&P 500 a year before the bull market began would have had to weather steep losses, trimming the S&P 500's annualised return since then to 7 per cent and narrowing the consumer discretionary and information technology sectors' annualised gains to 12 per cent. With analysts slashing estimates for US banks and other multinationals, the S&P 500 traded at a low-point of 10.6 times expected earnings in December 2008, before Wall Street's bear market ended and turned the corner. It is now trading at 16.5 times expected earnings, according to Refinitiv. After dropping 19.8 per cent from its record high close on Sept. 20 through Dec. 24, the S&P 500 has slowly recovered and is now just 7 per cent short of regaining that high.

Wall Street's oldest-ever bull market turns ten years old

<p>On the eve of International Women&#39;s Day, the remarkable Wall Street bull saw something stand in its way - a little bronzed girl fearlessly staring upon gender inequality.&nbsp;</p>

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<p dir="ltr" lang="en">State Street Global Advisors just put a statue of a defiant girl in front of the Wall Street bull ??love it so much ?? <a href="https://t.co/LI6VuE6TAA">https://t.co/LI6VuE6TAA</a> <a href="https://t.co/F7xHfHrC25">pic.twitter.com/F7xHfHrC25</a></p>
&mdash; Molly Rose ?? (@mollyrose_esq) <a href="https://twitter.com/mollyrose_esq/status/839321163939655682">March 8, 2017</a></blockquote>
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<p>The statue carved with&nbsp;confrontational&nbsp;body language and expressions was installed to raise voice against industry&rsquo;s gender inclusivity, lack of equal pay for women and issues with diversity.</p>

<p>&quot;A lot of people talk about gender diversity, but we really felt we had to take it to a broader level,&quot; said Anne McNally, whose firm is an investment management subsidiary of State Street Corp.</p>

<p>Several&nbsp;American women boycotted work on International Women&#39;s Day on March 8 which led cancellation of classes in some schools.</p>

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<p>A woman poses next to a statue of a girl facing the Wall St. Bull, as part of a campaign by U.S. fund manager State Street to push companies to put women on their boards, in the financial district in New York (Reuters)</p>
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<p>Women who could not afford to miss work wore red and limited their shopping to female-owned businesses to express their solidarity.</p>

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<p>The statue carved with a confrontational body language and expressions was installed to raise voice against industry&rsquo;s gender inclusivity, lack of equal pay for women and issues with diversity. (Reuters)</p>
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<p>Although women have made notable progress in the recent times, State Street states that one out of every four of the companies that make up the Russell 3000 Index have no female members on their panel.</p>

<p>&quot;Today, we are calling on companies to take concrete steps to increase gender diversity on their boards, and have issued clear guidance to help them begin to take action,&quot; State Street Global Advisors CEO Ron O&#39;Hanley said in a statement.</p>

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<p dir="ltr" lang="en">Love this. McCann drop a statue of a &quot;Fearless Girl&quot; next to Wall Street&#39;s Charging Bull. Hope it becomes permanent. <a href="https://t.co/FAOg2UIndD">https://t.co/FAOg2UIndD</a> <a href="https://t.co/BkySVe3X9Z">pic.twitter.com/BkySVe3X9Z</a></p>
&mdash; Musa Tariq (@MusaTariq) <a href="https://twitter.com/MusaTariq/status/839157313386721282">March 7, 2017</a></blockquote>
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<p>Created by artist Kristen Visbal, the girl statue showed up in a manner similar to how artist Arturo Di Modica&rsquo;s bronze bull was installed overnight in front of the New York Stock Exchange in 1989. It was later made a permanent installation in the financial district, in response to public support.</p>

<p>(WION)</p>


The statue carved with?confrontational?body language was installed to raise voice against industry?s gender inequality

On the eve of International Women's Day, the remarkable Wall Street bull saw something stand in its way - a little bronzed girl fearlessly staring upon gender inequality. State Street Global Advisors just put a statue of a defiant girl in front of the Wall Street bull ??love it so much ?? https://t.co/LI6VuE6TAA pic.twitter.com/F7xHfHrC25 — Molly Rose ?? (@mollyrose_esq) March 8, 2017 × The statue carved with confrontational body language and expressions was installed to raise voice against industry’s gender inclusivity, lack of equal pay for women and issues with diversity. "A lot of people talk about gender diversity, but we really felt we had to take it to a broader level," said Anne McNally, whose firm is an investment management subsidiary of State Street Corp. Several American women boycotted work on International Women's Day on March 8 which led cancellation of classes in some schools. A woman poses next to a statue of a girl facing the Wall St. Bull, as part of a campaign by U.S. fund manager State Street to push companies to put women on their boards, in the financial district in New York (Reuters) × Women who could not afford to miss work wore red and limited their shopping to female-owned businesses to express their solidarity. The statue carved with a confrontational body language and expressions was installed to raise voice against industry’s gender inclusivity, lack of equal pay for women and issues with diversity. (Reuters) × Although women have made notable progress in the recent times, State Street states that one out of every four of the companies that make up the Russell 3000 Index have no female members on their panel. "Today, we are calling on companies to take concrete steps to increase gender diversity on their boards, and have issued clear guidance to help them begin to take action," State Street Global Advisors CEO Ron O'Hanley said in a statement. Love this. McCann drop a statue of a "Fearless Girl" next to Wall Street's Charging Bull. Hope it becomes permanent. https://t.co/FAOg2UIndD pic.twitter.com/BkySVe3X9Z — Musa Tariq (@MusaTariq) March 7, 2017 × Created by artist Kristen Visbal, the girl statue showed up in a manner similar to how artist Arturo Di Modica’s bronze bull was installed overnight in front of the New York Stock Exchange in 1989. It was later made a permanent installation in the financial district, in response to public support. (WION)

Wall Street bull meets 'fearless girl' on International Women's Day

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Wall Street's oldest-ever bull market turns ten years old

Wall Street bull meets 'fearless girl' on International Women's Day