Bull markets: how this one stacks up in history

The bull market that started in 2009 is proving to be one for the history books. From 2009 through the end of 2013, the market is up 173 percent, as measured by the Standard & Poor's 500 index. So how does that stack up against the biggest bull markets of the past eight decades? Take a look:

2. 1949-56 – 266 percent gain

The New London Day, via U.S. Navy Submarine Force Museum/AP/File
On Jan. 21, 1954, some 15,000 people witness the launching of the USS Nautilus, the Navy's first nuclear-powered vessel, at General Dynamic's Electric Boat shipbuilding facility in Groton, Conn. Later that year, despite Cold War tensions, the S&P 500 index topped its 1929 peak for the first time.

With the Cold War in full swing, Americans didn't have much to celebrate in June 1949. The Chinese Communists were routing the Nationalists and would found the People's Republic of China by the end of the year. The Allies had successfully overcome the Soviet blockade of  Berlin with a massive airlift of goods to the encircled city, but the Soviets would test their first atomic bomb within two months, dramatically altering the balance of power. At home, an increasingly unpopular President Truman saw most of his Fair Deal proposals defeated in Congress.

The S&P sank to 13.55 and then began an improbable climb. Despite the stalemate of the Korean War and continuing fears of Communist infiltration at home, the US economy prospered under President Eisenhower and the S&P finally topped its 1929 peak, more than tripling in value in seven years.

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