Market Drawdowns: A History of Bear Markets
Every major S&P 500 drawdown from peak to trough. The market has always recovered — but the time required varies enormously.
45 drawdowns shown. The market has always recovered from every drawdown in history.
The Great Depression (1932, -83%) and 2008 Global Financial Crisis (-51%) are the two deepest drawdowns. The average bear market drawdown is ~33% and takes ~28 months to recover.