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
Sunday, May 17, 2009
Bear Market 1990 & Gulf War
Chart from Clusterstock.com
This bear market coincided with the presidency of George Bush Sr. and the Gulf War. This bear market was very short and the market dropped 19.9% from July 1990 to October 1990. The S&P 500 traded down from 368.95 to 295.54 and then recovered to make new highs.