Date: May 2012: http://www.ritholtz.com/blog/wp-content/uploads/2012/04/31.gif
ritholtz.com/blog/wp-content/uploads/2012/04/31.gif
Inflation-adjusted SPX shows 3 previous 'secular' bear markets and a probable 4th which is underway. Shows the cyclical nature of the bear market and gives an analog of where we might be in the current bear market.
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