Q: How much further can this bull market go?
A: Many – if not most – investors don’t trust it can go much further. As of April 21, 2014, it was up 206% (total return) since the bottom of the bear market on March 9 2009. I don’t know how much further it will go up, nor how far down the next bear market will take us. I do know that five of the last 10 bull markets lasted more than five years. I also trust that my portfolio is built to limit my losses in the next bear market.