Bull Market R.I.P.? Two years after its all-time high, Dow is still off 30 percent

A moment of silence, please, for our late, lamented bull market. It drew its last breath exactly two years ago Friday, so let us pause and reflect upon all that we have lost since then, be it jobs, homes, orthodontia, college educations or retirement.

Somehow this two-year anniversary makes us feel more angry than elegiac. The Dow Jones Industrial Average ($INDU) notched its all-time closing high of 14,165 on Oct. 9, 2007. The broader S&P 500 ($INX) recorded its all-time closing high on that date, too, topping out at 1,565.