The Four Bear Markets

We have now caught up to the bear market / crash of the Great Depression. Time will tell whether we track the same path. FYI, its funny how math works. If we were to go down 89.2% from top to bottom we would go down another 75% plus from current levels. So though we are down 48.5% to get the negative 89% return would require a decline from these levels of 75%. Ouch.

The link is to the graph below. It was originally on over at calculatedrisk.com

http://1.bp.blogspot.com/_pMscxxELHEg/SSSevkxwNtI/AAAAAAAADzE/V_BMgbRML4E/s1600-h/four-bears-large.gif