The US market bottomed (at least initially) on the 23rd of March 2020 following a 31.9% decline from its peak 5 weeks ago. Modern financial history only goes back about 120 years, so if we take that as our guide, the table below from William O’Neil & Co. shows that this was the quickest and most intense (-7.2% per day) bear market in history. Only 1929 (part 1 of the great depression) and 1987 come close in terms of velocity.

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