They are 2007, 1987, 1972 and 1966 — all prior to
significant bear market declines, though the market drifted a few percent higher over a 6 - month period in the 1972 instance.
That almost always takes the form of
a significant bear market decline sharply lowering those valuations at some point.
Not exact matches
The stock has now suffered the deepest price correction — a
decline of at least 10 % from a
significant high, since the stock climbed out of its 2012 - 2013
bear market in August 2013.
A
bear market can lead to a recession which is defined by Investopedia as, «A
significant decline in activity across the economy, lasting longer than a few months.