By the end of June, both the S&P 500 and the NASDAQ Composite Index entered bear market territory and the Dow Jones Industrial Average was close behind. Technically speaking, a bear market is defined as a market decline of at least 20%. Looking forward, what can we expect?
The following graphic might be helpful in illustrating the average returns for both bear and bull markets. It is also comforting to see that on average bull markets last over 4 times as long as bear markets.
