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The US bear market of 2007–2009 was a 17-month bear market that lasted from October 9, 2007 to March 9, 2009, during the 2007–2008 financial crisis. The S&P 500 lost approximately 50% of its value, but the duration of this bear market was just below average.
United States bear market of 2007–2009: 11 Oct 2007 USA: From their peaks in October 2007 until their closing lows in early March 2009, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all suffered declines of over 50%, marking the worst stock market crash since the Great Depression era. [16] [17] Financial crisis of 2007–2008 ...
March 6, 2009: The Dow Jones hit its lowest level of 6,469.95, a drop of 54% from its peak of 14,164 on October 9, 2007, over a span of 17 months, before beginning to recover. [ 187 ] March 10, 2009: Shares of Citigroup rose 38% after the CEO said that the company was profitable in the first two months of the year and expressed optimism about ...
For instance, a mere three weeks ago, the financial media was chock-full of stories warning that the stock market was about to suffer a dramatic Ten reasons to beware the Bear Skip to main content
Declines of 45% and 51% from record highs were met with rallies of 18% and 24% in the fall of 2008, moves that came several months before the market's ultimate bottom in March 2009.
With U.S. stocks now officially in bear market territory following an ongoing slump in the S&P 500, many investors might be wondering how long the current bear market will last. See: 22 Side Gigs...
By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the index had last seen in 1997. On March 10, 2009, a countertrend bear market rally began, taking the Dow up to 8,500 by May 6, 2009. Financial stocks were up more than 150% during this rally.
Closing the year at 903.25—a yearly loss of 38.5%—the index continued to decline in the first quarter of 2009, with the 2007-2009 bear market reaching a trough of 666 on March 6, 2009. [11] [12] The drawdown from the high in October 2007 to the low in March 2009 was 56.8%, the largest since World War II. [13]