Trough
Peak
Duration (Months)*
Annualized Returns
Cumulative Returns
# of Pullbacks
# of Corrections
6/1/1932
4/28/1942
6/13/1949
10/22/1957
6/26/1962
10/7/1966
5/26/1970
10/3/1974
8/12/1982
12/4/1987
10/11/1990
10/9/2002
3/9/2009
3/23/2020
3/6/1937
5/29/1946
8/2/1956
12/12/1961
2/9/1966
11/29/1968
1/11/1973
11/28/1980
8/25/1987
7/16/1990
3/24/2000
10/9/2007
2/19/2020
1/3/2022
57
49
85
50
43
26
32
74
60
31
113
60
131
21
36%
26%
20%
16%
18%
20%
23%
14%
27%
21%
19%
15%
16%
54%
324%
158%
267%
86%
80%
48%
74%
126%
229%
65%
417%
101%
401%
114%
18
19
24
15
11
9
9
16
28
17
39
20
36
15
5
2
3
1
1
1
1
6
1
1
3
1
5
0
Bull Market Average
59
23%
178%
20
2
Strong market returns often include a number of market pullbacks and corrections.
Returns during bull markets are inherently "above average"
On average, bull markets last about 5 years from trough to peak.
S&P 500 Bull Markets, 1932 – 2022