Saturday, March 7, 2009
As a result of this week's decline, the Dow reached a new bear market low. The Dow is currently down 53% since peaking in October 2007. To put the magnitude of the current correction in perspective, the chart illustrates the 15 worst corrections of the Dow since its inception in 1896. As the chart illustrates, the current Dow correction already ranks as the second worst on record. Only the correction that began in 1929 was worse.
The SGM model portfolio has returned +51% since the market peaked in October 2007.