Doug Short has updated one of the charts we’ve always liked, although these days it doesn’t look as neat as it used to.
The chart compares the 3 great mega-bears: The S&P starting from March 2000, the Nikkei starting from its peak in 1989, and the Dow starting from its Great Depression peak in 1929.
All three mega-bears have had some similar undulations, though by now the current market is clearly outperforming the other two.
Still a fun historical chart to look at.
Click to enlarge.
Photo: Doug Short
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