Monday, October 13, 2008

NYT Bear Market Comparison

Terrific graphic: How This Bear Market Compares - NYTimes.com. We're 50% percent below the 2000 high and falling faster than the Great Depression crash. On the other hand, we're only half-way to the doom 1932.

I had no idea the market was so bad in 1942.

The great bear markets have been:
  1. 1929-32: the current champ
  2. 1937-42
  3. 1946-49
  4. 1968-70
  5. 1972-74 (I remember the 70s. Bloody awful but 74 was a fabulous time to buy stocks.)
  6. 1987: almost the steepest crash, super fast recovery
  7. 2000-02 (the dot com crash)
  8. 2008: a contender
There are a few more on the graph -- more than I'd thought. Probably that's the point.

Very long expansions from 74 to 87 and then 87 to 2000.

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