Sizing up the bear
Here is a comparison of bear markets since 1929. A line's movement to the right reflects the Dow Jones Industrial Average's time in decline. Its movement downward shows the decline in value before the market turned around.
The current bear market is, well, a bear. It has already fallen faster and deeper than most, vaporizing more than $10 trillion in wealth and the equivalent in investor confidence. It's being compared to the Great Crash of the early 1930s, though it has yet to plumb those harrowing depths. Was last week's rally a sign that it hit bottom? What will recovery look like?
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