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Saturday, July 12, 2008

2007-2008 Bear Market Statistics through 07/11/08

We are currently in a bear market that Bob Brinker's stock market timing model did not expect. Bob Brinker has been fully invested since March 2003. (See Bob Brinker Timing Model Mauled By Bear Market) Hopefully this bear market is close to being over, the market recovers and Brinker can go back to bashing "the Bad News Bears" someday in the not too distant future.

We had similar bear markets with just over 20% declines in 1990 and 1998 but the average bear market is more like 30% because that includes the 2000 to 2002 bear market where the S&P500 fell 50% and the great depression where the markets fell much more.

2007-2008 Bear Market Statistics 07/12/08

S&P500 Chart

Last Market High 10/11/07 at 1,576.09
Last Market low 07/11/08 at 1,225.35
Current S&P500 Price 1,239.49
Decline in Pts 336.60
Decline in % 21.4%
Max Decline 22.3%
  • =>This means the correction from intraday high to intraday low is 22.3% and we are currently 21.4% off the peak.
  • =>The decline in the S&P500 from the closing high to the closing low was 20.8%

DJIA Charts

Last Market High 10/11/07 at 14,279.96
Last Market Low 07/07/08 at 11,120.74
Current DJIA Price 11,100.54
Decline in Pts 3,179.42
Decline in % 22.3%
Max Decline 22.1%
  • =>This means the correction from high to low has been 22.1% and we are currently 22.3% off the peak.
  • =>The decline in the DOW off the closing high to the closing low was 21.6%

NASDAQ Charts

Last Market High 10/31/07 at 2,861.51
Last Market Low 03/17/08 at 2,155.42
Current NASDAQ Price 2,239.08
Decline in Pts 622.43
Decline in % 21.8%
Max Decline 24.7%
  • =>This means the correction from intraday high to intraday low is 24.7% and we are currently 0.217518024 21.8% off the peak.
  • =>The decline in the NASDAQ off the closing high to the closing low was 24.1%

Make sure you read:
For us mere mortals who KNOW we can't read the future with a crystal ball, a well diversified basked of index funds for our core portfolios, such as the ones I recommend in "Kirk Lindstrom's Investment Newsletter" are the way to go.
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