by Calculated Risk on 5/20/2009 04:00:00 PM

By popular demand ...

Click on graph for larger image in new window. The first graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears". Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.

The second graph compares four significant bear markets: the Dow during the Great Depression, the NASDAQ, the Nikkei, and the current S&P 500. See Doug's: "The Mega-Bear Quartet and L-Shaped Recoveries".

The third graph shows the S&P 500 since 1990. The dashed line is the closing price today. The market is only off 42% from the peak.

CNBC's Jeff Macke's head explodes...