7th Inning Stretch?

Parrott Wealth Management, LLC.

The longest baseball game in Major League history occurred on April 18, 1981 between the Pawtucket Red Sox and the Rochester Red Wings with the Red Sox winning 3 to 2.   It was 33 innings long and lasted over 8 hours.  Each year about 9% of Major League Baseball games go into extra innings.[1]

Sports analogies are common on Wall Street.  A few analysts have mentioned that the market is currently in the 7th or 8th inning because of its historic rise and current valuation.  They’re speculating that the end is near.

Of course, no one knows when or how the stock market’s run will end.  The fans who attended the Red Sox v. Red Wings baseball game thought they’d see a 9-inning game not knowing it would continue for another 24 innings!  Those who stayed for the entire game endured the equivalent of 3 ½ games.

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