Click on graph for larger image in new window.The first graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".
The S&P 500 is up 34% from the bottom, and still off 42% from the peak.
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.
The second graph shows the S&P 500 since 1990. The dashed line is the closing price today.
This puts the recent rally into perspective.
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