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2018/2019 Bear Market
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<blockquote data-quote="Shemp" data-source="post: 1231249" data-attributes="member: 15314"><p>>>Isn't anything around 30% a depression?</p><p></p><p>1962 and 1969 declines were close to 30%, depending on how you measure. Economy was far more robust then than now. 1973-1974 decline was accompanied by recession, but hardly depression, and over 40% market decline. 40% off 2900 = 1740, which is not really cheap for the SP500, more like fair price. Remember how leveraged many of these stocks are. Any decline whatsoever in earnings before interest will be multiplied when it comes to shareholder earnings.</p></blockquote><p></p>
[QUOTE="Shemp, post: 1231249, member: 15314"] >>Isn't anything around 30% a depression? 1962 and 1969 declines were close to 30%, depending on how you measure. Economy was far more robust then than now. 1973-1974 decline was accompanied by recession, but hardly depression, and over 40% market decline. 40% off 2900 = 1740, which is not really cheap for the SP500, more like fair price. Remember how leveraged many of these stocks are. Any decline whatsoever in earnings before interest will be multiplied when it comes to shareholder earnings. [/QUOTE]
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