How Does This Bear Market Compare to Others in History?

How does the current S&P 500 (NYSE:SPY) 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 (NYSE:SPY) 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.

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Doug Short Phd is the author of