FYI: After closing at an all-time high on September 20, the S&P 500 entered a bear market on Christmas Eve. The technical definition is a 20% peak-to-trough drawdown, but I’m willing to give this 19.8% fall the benefit of the doubt.
There was a decent rally the rest of the week, but regardless if this was THE bottom or a bottom, I’m willing to concede this swift fall was a bear market because of the damage caused.
Whenever stocks fall like this it’s easy for investors to go to a dark place. Those dark places for many include the Great Recession, the bursting of the dot-com bubble, the 1987 crash, the 1973-74 bear market or the Great Depression.
Regards,
Ted
https://awealthofcommonsense.com/2018/12/the-forgotten-bear-markets/
