Even a run - of - the - mill bear market decline wipes out more than half of the preceding bull market gains. (hussmanfunds.com)
In any event, notice that even a run - of - the - mill bear market decline wipes out more than half of the preceding bull market advance. (hussman.net)
That almost always takes the form of a significant bear market decline sharply lowering those valuations at some point. (soundmindinvesting.com)