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This is a vicious bear market, no doubt about it. These graphs compare this bear market to the worse bear markets since 1950 (click on graph to enlarge).
In this episode stocks declined as much as the two worst bear markets (those of 1972-1974 and 2000-2002). The collapse, however, took only 14 months. The other too bear markets lasted 22 and 26 months respectively.
More, much more when you read older posts and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
With the Fed announcing yet another 'bailout plan' this morning-this one costing $800 billion-I'm wondering if and when the US is going to start raising more cash by selling more treasuries? Doesn't the Treasury need to raise these funds through massive bond sales at some point? How can the government keep on doing these programs without selling a huge amount of debt? Where is all this money coming from?
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