Another down day ... and that means another link to the four Grizzly Bears (not including foreign markets and the Naz)



DOW off 1.2%



S&P 500 off 1.0%, off 56.8% from the high, lowest since Sept 12, 1996.



NASDAQ off 1.9%



Click on graph for larger image in new window.



This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".



This is the 2nd worst S&P 500 / DOW bear market in the U.S. in 100 years. At this point - 17 months into the bear market - this is the worst ever (lower than the Great Depression bear after 17 months).



Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.



The low in 1996 was 598.48.



Another 78 points or so to get back to 1995 prices.