Stock markets went downhill fast at the beginning of this week as investors took fright over coronavirus. Serious worries are emerging over whether the fast-spreading disease will cause a regional or global economic slowdown.
It seems an apposite moment to take the temperature of the bull market, which next month will mark its 11th birthday. It is one of the longest of all time. Someone investing ￡1,000 in global equities at its start, on March 9 2009, would now have ￡4,302 at an annual compound growth rate of 14.23 per cent, using MSCI data.
The question is: when will it end?
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