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Having trouble understanding. What is time frame to decide market did not go up 20% after the > 20% decline? Basically are we saying ANY decline >20% ? For instance 2009 "bear market" was 27% down as per that chart. We are way about that level now right?
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Was the S&P 500 around in the 1930's? I thought that index was started in the mid/late 1950s.