As shown, the bear market that ran from 10/9/07 to 11/20/08 is the third worst ever with a decline of 51.93%. The bears that ended in June of 1932 (-61.81%) and March of 1938 (-54.47%) are the only two that had bigger declines without a rally of 20%.The good news is the S&P 500 is finally up 20% off the recent lows of November 21, 2008. This means we are currently in a new bull market as defined as a 20% rally after a 20% or more decline.
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Wednesday, December 10, 2008
New Bull Market Starts After the 3rd Worst Bear Market Since 1927
The S&P500 officially started a new bull market following the 3rd Worst Bear Market Since 1927. It is too bad Bob Brinker was fully invested at the very top but the good news is he has been fully invested for this new bull market.
Chart courtesy of http://bespokeinvest.typepad.com
Markets Since 11-21-08 Lows
Posted by Noodles at 5:25 PM
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