Methodology: This chart is based on the high close for the Dow Jones Industrial Average (DJIA) at the start of each bear market. Then the closing price for the DJIA on the first trading day of each subsequent month is used. The 1929-1932 data ends with the closing price on the last day of that bear market (July 8, 1932, with the DJIA at 41.22). The data for the current bear market is through the closing price for the DJIA on Friday 4/17/2009. Dividends are not included.
Data Sources:
Dow Jones Indexes
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I don’t Obama is going to duplicate Hoover’s mistakes. So he will at least do something about the problem which has to be better than just letting the whole market sink while fishing.
Comment by Randy — April 20, 2009 @ 1:52 pm