Strong intermittent advances are
typical during bear markets, and can often achieve gains of 20 % as we've seen in recent weeks, and sometimes substantially more.
Not exact matches
Because of the unusual profile of valuations over the past few years, the Fund's returns were higher
during the 2000 - 2003
bear market than I would expect
during typical bear markets.
The
typical bear market portion extends about 1.25 years, on average,
during which time stocks decline at an annual rate also about 28 %.
Basically, BMDEV indicates the
typical percentage decline based only on a fund's performance
during bear -
market months.
I noted back in 2007,
during a similar period of frustration, that less than half of the
typical bull
market gain is retained by the end of the subsequent
bear market - «Once stocks become richly valued, the remaining gains achieved by the
market are almost always purely speculative - they are generally erased over the remaining course of the
market cycle.