This Bear Market is Short in the Tooth

By on October 11, 2008

This bear market may seem awful, but by recent history it may be only halfway over in terms of time. The following stats were posted in a message by ‘trendjockey’ at Marketwatch. I’m relying on him/her for their accuracy.

1973-1974 – 482 trading days for 49% retrace
1976-1978 – 362 trading days for 27% retrace
1981-1982 – 328 trading days for 26% retrace
2000-2003 – 685 trading days for 44% retrace
2007-2008 so far – 257 trading days for 40% retrace

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