History shows the last 13 bear markets* lasted an average of 21 months, with an average 40% decline.
But no matter how long or strong these bear markets, the subsequent bull markets were almost always longer and stronger. On average, bull markets have returned 164% and lasted over 57 months--almost five years!
*Based on the technical definition that a decline of 20% or more constitutes a bear market. Tables reflects price level returns. The S&P 500 Composite Index is a capitalization-weighted, unmanaged index that measures 500 widely held US common stocks of leading companies in leading industries, representative of the broad US equity market. Sources: Standard and Poors’ Index Services, Global Financial Data, and Thomson Reuters.