From Reuters
The current bear market in US: peak-to-trough Dow Jones Industrials is down
53.4 percent in 73 weeks. According to analysts at Bank of America/Merrill Lynch Research, this bear
market is already the second-largest since 1930s. But both the 1973-74 and
2000-02 bear markets were longer. The Dow Jones would need to fall 77 percent over the next 76 weeks to match
the magnitude and duration of 1929-32 Great Depression era losses, they said in
a research note.
The current bear market in US: peak-to-trough Dow Jones Industrials is down
53.4 percent in 73 weeks. According to analysts at Bank of America/Merrill Lynch Research, this bear
market is already the second-largest since 1930s. But both the 1973-74 and
2000-02 bear markets were longer. The Dow Jones would need to fall 77 percent over the next 76 weeks to match
the magnitude and duration of 1929-32 Great Depression era losses, they said in
a research note.
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