Turmoil on Wall Street often leaves markets in a state of crisis, as was reflected by the Dow Jones Industrial Average’s biggest point drop in history on September 29, 2008, a date that is etched into history as one of the largest market drops ever. As uncertainty, and the fear that follows, makes their way into the marketplace the results can lead to strong, quick and unexpected downward movements in the market.
Since December 31st, 1948 we have seen 13 instances of bear markets (a market downturn of 20 percent or more) and at some point during those bear markets, almost everyone invested in the stock market during those times questioned their decisions. The average duration of those 13 bear markets was 14 months and the average cumulative returns was -24.6 percent. August 2015 Market Volatility
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