Wednesday, February 25, 2009

Comparing Bear Market Declines


Hat tip to Andrew Sullivan for this chart.

5 comments:

JK said...

2008 was the year the markets dragged the economy down. 2009 will be the year the economy drags the markets down. Could be a little ways to go yet.

Whew, look at that monster 29-32 decline. ouch

DaveinHackensack said...

Yeah, I think some people are going to be shocked by the earnings declines.

DaveinHackensack said...

Re earnings declines: see the charts accompanying this post, "Buy and Hope Investing".

J said...

I cant extract any conclusion from this chart. Are we in the same line as 1927?

DaveinHackensack said...

J.,

The current decline (2007-2009) is slightly steeper than the 1929-1932 decline was when that decline was as old as our current one is. The chart of course offers no conclusions about what will happen going forward.