Bottom?
END OF THE BEAR?
If history is any guide, though, beleaguered investors finally could be seeing the bottom of a long bear market.
The S&P 500 climbed more than 11 percent six months after it racked up an 11-week slide, in five out of six occasions, according to Gibbons Burke at MarketHistory.com.
Two years after the end of an 11-week drop, the S&P 500 was up between 41 percent and 53 percent, according to MarketHistory.com. The only exception to both these milestones was the period ended Sept. 25, 1931, when stocks had dropped six months later and fell again two years later.
The Nasdaq's behavior corresponds with the S&P 500. The index fell 12 out of 14 weeks over a period ending in September 1974 and March 1982. Both times, investors saw the bulls gain the upper hand again.
"By all means, we're in the throes of a bear market, but the data suggests we're very close to major market low points and, in the past, we've rallied significantly," Burke said.
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