Posts Tagged ‘Strategy’

A picture is worth a lot of money

Thursday, March 19th, 2009

If you appreciate the descriptive ability of pictures as much as I do then you’ll like this one, although you may not appreciate the effect it’s had on your net worth.  The chart below shows significant bear markets from 1929 to the present.  The horizontal axis measures the length of each, while the vertical represents the price decline.  Only one bear market has seen a worse decline than this one, although most have been longer in duration.