The latest up-market cycle reached 101 months, from March 2009 to July 2017, inclusive … about 8.5 years.

 

Annualized return for SPY over that period: 17.8%, or just under 300% total return … for those wise, lucky and flush enough to invest at the bottom … and brave enough to hold.

 

Remember when this was the most hated bull market? And to some, it remains so.

 

The top 10 US Equity funds over this period, based on absolute return, are shown in table below. Most have nearly doubled SPY total return and interestingly, three are PIMCO equity funds!