4 Major Secular Bear Markets, 1900-2011

Posted by Barry Ritholtz - The Big Picture

Share on Facebook

Tweet on Twitter


Click on image or HERE for larger version:


Source: Monthly Chart Portfolio, Merrill Lynch Market Analysis, November 4, 2011

I mentioned yesterday I had a long term chart of secular bear markets that was informative; the above chart (via Merrill Lynch) is what I was referring to.

There are three issues worth noting here plus one important caveat: