Wall Street’s Latest Bear Market May Be Here to Stay for a While
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US stocks have entered a bear market and if history is any guide, it could be long and painful.
This is the fourth such event for the S&P 500 Index over the past two decades. While the last bear market of 2020 was mostly a so-called shock trade brought about by the Covid-19 pandemic, earlier ones in 2000 and 2008 took much longer to find a bottom and then recover losses.