The Fastest Descent Into Bear Market Territory

The speed of the stock market plunge over the last six weeks has left both the general public and even market experts in a state of shellshock.

February and March 2020 will go down in history as containing the fastest descent into bear market territory on record. In only sixteen sessions, the S&P 500 went from its last closing high (on February 19), to a more than 20% drop from that peak.

Furthermore, to hit a 30% decline it took just 19 sessions. Both the stock market crash of 1929 and infamous October 1987 took a much-longer 55 days to reach the same milestone. Chart from Knox Ridley via Marketwatch.com.

Best regards,

Womack Investment Advisers, Inc.

WOMACK INVESTMENT ADVISERS, INC.
Oklahoma / Main Office: 1366 E. 15th Street - Edmond, OK 73013
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