11min chapter

Animal Spirits Podcast cover image

$525k to be Happy (EP.336)

Animal Spirits Podcast

CHAPTER

The Length of Time Since the Last All-Time High in the Stock Market

This chapter discusses the duration since the stock market reached its last all-time high, making it the fifth longest streak since 1950. It highlights past periods of no new highs and emphasizes the importance of these phases for good returns in risk assets.

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