Using the S&P 500 as a proxy for the general market lets put this current market down trend into perspective. Over the last 50 years the largest decline was 32% from the 2002 peak. The next two largest declines were during the recessions of 1956-58, down 22% and 1989-90, down 24%. The average recessionary earnings decline from its peak has been approximately 17%. Based on yesterdays, September 29th, low the S&P 500 is down 29.4% from its peak of 1576 in October 2007. A 32% market decline would put t[...]
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[Source: The Money Blogs]
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