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March 08, 2009

Worse than the Dow Crash of 1929?


The S&P 500 bear market, now nearly 17 months old, finished the week slightly above its current low. It continues to dominate our saga of the Four Bad Bears. In nominal terms, the decline in the S&P 500 matches the Dow Crash of 1929 over the equivalent time frame. In real (inflation adjusted) terms, it has surpassed the Dow decline.

The accompanying chart is intended not as a forecast but rather as a way to study the current decline in relation to three familiar bears from history.
(Via dshort.com)

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