You can see that bond returns were modest during these equity bear markets, even though the depths
of those bear markets varied.
Not exact matches
Performance
varies greatly for bonds
of different credit qualities, but even during the worst
bear market for bonds, the 40 - year period
of rising rates from 1941 to 1981, the worst 1 - year loss for the Bloomberg Barclays US Aggregate Bond Index was just 5 %.
Of course, short - term returns will vary widely, and that makes an enormous difference: for example, a bear market at the beginning of your retirement is far more devastating than one that comes after 20 year
Of course, short - term returns will
vary widely, and that makes an enormous difference: for example, a
bear market at the beginning
of your retirement is far more devastating than one that comes after 20 year
of your retirement is far more devastating than one that comes after 20 years.
Although figures can
vary, a downturn
of 15 % -20 % in a key index (Dow Jones Industrial or S&P 500 ®, for example) from a recent peak over at least a two - month period is considered an entry into a
bear market.
In the article The psychology
of bear markets published in December 2009, during the brunt
of the
bear market James Montier writes about that the mental barriers to effective decision - making in
bear markets are as many and
varied as those that plague rationality during bull
markets but that they more pronounced as fear and shock limits logical analysis.
Murakami's expansion
of his own studio to encompass such
varied activities
bears witness to his deep commitment to Japanese art and his desire to use his influence to promote young or underrated Japanese artists and to transform the art
market in Japan.