Saturday, November 22, 2008

A Photo Album of Bear Markets

click to enlarge

The current bear market has moved into first place for the deepest decline since the inception of the S&P 500 in 1957. Although the ultimate severity of today's bear market is unknown, the rate of decline has been faster and deeper than the other post 1950 declines. At this point in time (about 300 days into the bear market) all the other bear markets were only about halfway to their ultimate bottom.

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