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To: Richard D who wrote (27005)	8/4/1998 5:29:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 95453

Richard, 20%. Vanguard has an excellent article on bear markets... What is a bear market? While analysts are not in complete agreement, one generally accepted definition of a bear market in stocks is a price decline of 20% or more over at least a two-month period. By comparison, a "market correction" is usually defined as a sudden, sharp decline in stock prices that may last only a few days or weeks. [snip] vanguard.com The best part: it lists extent and duration of past bears. GM