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If the March lows hold, this will have been the second worst bear market in U.S. history. It interesting to note that this bear market declined nearly 57% in only 17 months. Since the lows on March 9th, the Dow has risen almost 40%.
Some of the names of the thrill rides at Six Flags (Dive Devil, Scream…) seem appropriate for the stock market over the last year and a half!
While the stock market experiences periodic destructive bear markets, the historical resiliency of the stock market is impressive, as is detailed in this report by The Russell Investment Group, leading to long-term annualized returns of roughly 11%.
