One of its members was Thomas Jefferson, a lawyer from Virginia. He had been a leader in Virginia, and Virginia had elected him to the Continental Congress. The others on the committee were too busy with the revolution to work on the declaration, so Jefferson wrote it alone. He finished the document in a week.
The time frame is in weeks, so it shows the average bull market cycle is 155 weeks or about 39 months. The average bear market is about 17 months, which actually matches the most recent bear market from October 2007 to March 2009 (17 months). A full market cycle is 56 months.
Second-longest bull market ever aging gracefully, but investors wonder how long it will last Since the prior bear market ended in March 2009, this advance in equities is now the second-oldest on record without at least a 20 percent drop in the S&P 500. The current trailing 10-year annual return for the index is only 7.6 percent. At previous major bull market peaks, this 10-year annual pace has routinely been above 15 percent. An exception to this was the 2007 peak, when it was roughly the same as the current level. And it wouldn't take much upside from here to make that 10-year record look pretty good.