Crew Capital Management Thoughts on Investment

Welcome to the Crew Capital Management Thoughts on Investment blog. At Crew Capital, investment education is key to how we work with our clients. We hope our conversation and analysis entice you to think further on your investment strategies and planning. For further discussion, please contact us at rjung@crewcapital.com

Thank you!
Robert F. Jung, CFA CPA*

*CPA inactve

Monday, December 1, 2008

A Mean One

The current Bear Market settled quickly on Wall Street, and has done extreme damage compared to other Bear Markets since 1900. There have been 12 other periods over this time frame in which the markets have fallen at least 20%. The average decline during those Bears has been 36%. The peak-to-trough decline in the current bear market has been 52% on a closing-price basis, and 53% in terms of intra-day trading. Typically, Bear Markets have taken 16 months to reach the bottom; the current bear is only 13 months old. On the way back up – and there has always been a way back up – investors have waited on average 33 months for the markets to recover. The shortest period was nine months, in 1970. The longest was 151 months, during the Great Depression in 1929-1933.


Source: Argus Research Market Watch, December 1, 2008
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