The Stock Market Is Doing Something That's Been Witnessed Just 3 Times Over Nearly 156 Years -- and This Signal Has Proven Disastrous for Wall Street
History has an uncanny knack for foreshadowing the future on Wall Street.
Overview
For the better part of the last 17 years, Wall Street can do no wrong. Though there have been short-lived periods of uncertainty and volatility, optimists have ruled the roost and propelled the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC) to new heights.
More recently, the evolution of artificial intelligence, better-than-expected corporate earnings, record S&P 500 share buybacks, and historic initial public offering activity have been the stock market's primary catalysts.
Details
Nevertheless, history teaches us that bull markets aren't indefinite. Although the Dow, S&P 500, and Nasdaq Composite have a knack for rising over multiple decades, stock market corrections and bear markets are par for the course when investing over the long term.
Source
Originally published at www.fool.com.