We are happy to report, via Doug Short, that today’s bear market is no longer as bad as the Great Crash, as measured by depth-of-decline-over-time. Thanks to the rally of the past month, we’ve crawled back above the Great Crash trendline.
It’s worth noting, however, that the rip-roaring bull market of the past month does bear an unnerving resemblance to a similar pattern in 1931…before the last leg of the Great Crash took the DOW from down 50% to down 89%.
Visit dshort.com for an interactive version of this chart, as well as a bunch of other cool charts and analyses >
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