More interesting historical perspective on the magnitude of this cycle's decline in equity markets versus other great bears in the past 100 years. Watch this video clip from John Authers of the Financial Times.
Also this article and chart on the rarity of 12-year lows is interesting.
None of this can be taken as predictive of what comes next, but the longer and deeper this decline the greater the probability that we are nearing its end. Does this mean that those who have lost in the bear will be back to even again soon? No. The math of loss is not so kind. Those that lost 60% will now need gains of 150% to recoup their capital. This will take years not weeks. That is why the primary focus of a valuable investment strategy has to be avoiding down market returns. Up markets are the easy part.
Cory’s Chart Corner
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