Courtesy of Doug Short.
During the Great Financial Crisis, I updated this chart series on a daily basis. I retired it over a year ago but have posted occasional updates on request. With the market selloff of the past few weeks, I continue to receive frequent requests for updates.
So, here again are the Four Bad Bears.
Since inflation is a favorite topic on this website, I’ve also updated a set of charts to facilitate a comparison of the nominal and real declines. See also my logarithmic scale view of the “Four Bad Bears” comparison.
For charts of S&P 500 bear market and recoveries since 1950, see this series.
For a better sense of how these cycles figure into a larger historical context, here’s a long-term view of secular bull and bear markets, adjusted for inflation, in the S&P Composite since 1871.
For a bit of international flavor, here’s a chart series that includes the so-called L-shaped “recovery” of the Nikkei 225. I update these weekly.
These charts are not intended as a forecast but rather as a way to study the current market in relation to historic market cycles.
