Friday, November 21, 2008

How bad is this stock market decline?

I saw this fabulous graph (well, the news that is graphs is terrifying, but the way the graph conveys the information is fabulous) on the Baseline Scenario , a blog about the financial crisis I started following a few weeks ago. 

It compares four bear markets in terms of both how far the markets dropped and how long the bear market lasted. This one is already the 2nd worst by percentage decline, but it's no Great Depression. Yet.

(Click the graph to see the bigger version.)

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