I'll show a picture of the front of the Wall Street bull once the market recovers..........that will be years from now. R. Birch 2008
Monday, May 11, 2009
Bear Market 1961-1962
Chart from Clusterstock.com
The S&P 500 hit a high of 72.64 in December of 1961 before dropping for 7 months. The low was hit in July of 1962 at 52.32. This was a 28% decline off the highs in total. The market based out for 5 months before rallying for a 33% gain over the next 12 months. John Fitzgerald Kennedy was the president during this time period.