The Spectacular Stock Market Advance of 2013 Compared to 1987
Since November 2012 the U. S. stock market has climbed with nary a typical correction. Large cap stocks, as represented by the S&P 500, have risen about 27% over this timeframe.
For comparison purposes, U. S. stocks in 1987 were up 39% through 8 months before commencing a bear market that would culminate in the crash on October 19, 1987. Over seven weeks the S&P 500 lost 33% of its value. A similar occurrence today would knock over 5,000 points off the Dow from its current level of 15,451.