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Saturday, October 11, 2008

Bear Market Reaches 47% from the top. Bob Brinker Fully Invested for the full decline.

This graph of the S&P500 back to 2002 says it all. Below the chart are the current statistics for this bear market that is currently 43% off its peak value just a year ago.

Click image courtesy of stockcharts.com to see in full size

2007-2008 Bear Market Statistics 10/11/08

S&P500 Chart
Last Market High 10/11/07 at 1,576.09
Last Market low 10/10/08 at 839.80
Current S&P500 Price 899.22
Decline in Points = 676.87
Decline in percent = 42.9%
Max Decline = 46.7%
=>This means the decline from intraday high to intraday low is 46.7% and we are currently 42.9% off the peak.

=>The decline in the S&P500 from the closing high to the closing low was 42.5%

DJIA Charts
Last Market High 10/11/07 at 14,279.96
Last Market Low 10/11/08 at 7,773.71
Current DJIA Price 8,451.19
Decline in Points = 5,828.77
Decline in percent = 40.8%
Max Decline = 45.6%
=>This means the decline from high to low has been 45.6% and we are currently 40.8% off the peak.

=>The decline in the DOW off the closing high to the closing low was 40.3%

NASDAQ Charts
Last Market High 10/31/07 at 2,861.51
Last Market Low 10/10/08 at 1,542.45
Current NASDAQ Price 1,649.51
Decline in Points = 1,212.00
Decline in percent = 42.4%
Max Decline = 46.1%
=>This means the decline from intraday high to intraday low is 46.1% and we are currently 0.4235526 42.4% off the peak.

=>The decline in the NASDAQ off the closing high to the closing low was 42.5%

If you want to know what I have been buying in this period of weakness with my profit taking dollars from selling when the market was higher, Subscribe to Kirk's Investment Newsletter TODAY!

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