The Bull Market Is Official: 1 Monster Growth Stock Up 433% in 5 Years to Buy Now and Hold Long Term
A new bull market became official when the S&P 500 (SNPINDEX: ^GSPC) hit a record high in January 2024. Technically, that bull market began when the index reached a bear market low in October 2022. It has since advanced 42%, but history says there is plenty of upside left for patient investors.
The S&P 500 returned an average of 169% during past bull markets, and it realized those returns over an average of 59 months. That leaves implied upside of 127% over the next 43 months.
Of course, that assumes the current bull market aligns precisely with the historical average, which is highly unlikely. But investors should focus on the big picture: Certain stocks could move much higher in the coming years.
Source Fool.com
