The global bull market had its 10th anniversary this week, while the NZX hit record highs three times during the week.
It is a decade since the New York stock exchange's S&P 500 hit its intraday low of 666 on March 6, 2009.
Craigs Investment Partners broker Peter McIntyre said that date was the turning point for equity markets which had slumped heavily in the 18 months beforehand.
For the decade, the S&P 500 was up 314%, or by 411% including dividends.
On Wednesday this week the NZX closed up 0.2% at 9415, up 6.9% for the year to date, as 22 share prices rose, 20 felling and eight were unchanged.
The NZX closed up again to a record 9437.36 yesterday.
Fonterra shareholder funds made the best gains on Wednesday, up 2.6% to $4.41 per unit, while Fletcher Building ended the day down 1.4% at $4.87. Fletcher was also the most heavily traded stock, with 10.8million shares changing hands on Wednesday, compared with its daily average of 1.7million shares.
Mr McIntyre said the local market had been more subdued than the S&P 500 for the past decade. The NZX All index had gained 162% since the March 2009 lows, or 310% if dividends were included.
