We’ve had 3 bull cycles that lasted around 13 years covering periods in the 50s, 80s and 90s. https://www.uidaho.edu/-/media/UIdaho-Responsive/Files/Extension/

We’ve had 3 bull cycles that lasted around 13 years covering periods in the 50s, 80s and 90s. https://www.uidaho.edu/-/media/UIdaho-Responsive/Files/Extension/county/Latah/finance/history-of-bull-and-bear-markets.pdf https://www.uidaho.edu/-/media/UIdaho-Responsive/Files/Exten... The +9% average is long-lived and covers periods with drawdowns so no abnormality there.