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Economy

progree

(11,467 posts)

1. the S&P 500 is back in bear market territory, down 21.0% from its all-time-high

Reply to Tansy_Gold (Original post)

Wed Sep 21, 2022, 06:54 PM

Sep 2022

of January 3 (bear markets begin at 20% down).

Technically we've been in a bear market since we first reached that milestone (3838) in June and won't be out of it until we reach a new all time high.

But we've haven't closed below 3838 since July 18. Until today.

S&P 500 All time high: January 3: 4797.

20% below that is 3838 "Munich Munich"

(easy to remember, "Munich Munich" since 1938 was the year of the Munich agreement with Hitler and Peace For Our Time)

Today's close (Wednesday Sept 21): 3790

Peace For Our Time

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STOCK MARKET WATCH -- Thursday, 22 September 2022 [View all] Tansy_Gold Sep 2022 OP

the S&P 500 is back in bear market territory, down 21.0% from its all-time-high progree Sep 2022 #1

Thanks for the vocabulary lesson Warpy Sep 2022 #2