The Bear Bottoming Process
How does the current S&P 500 recovery compare with previous bear-market recoveries?
Here's a set of charts showing today's market with the eight completed bear markets since 1950 and how the S&P 500 index performed during the 12 months following the index low. For the sake of completeness, I've included the near-bear decline that accompanied the Gulf War of 1990 — just shy of the 20% decline of an "official" bear.
Note: My calculations of highs and lows are based on daily closes.
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