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Wednesday, May 20, 2009

Market Précis

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

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Click on graph for larger image in new window.

The first graph is from Doug Short of (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.
Stock Market Crashes

Stock Market Crashes Dow S&P500 NASDAQ NikkeiThe 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.
S&P 500

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