Bear Market Without Recession

Bear Market Start Date Bear Market End Date Duration (Month) Reason S & P Start S & P End Change (%)
May 02,2011 Oct 03,2011 5 European sovereign debt crisis worries compounded by the U.S. debt rating downgrade 1361.22 1099.23 -19.2
Jul 17,1998 Oct 08,1998 3 Emerging market debt crisis engulfing South Korea, Thailand and Malaysia. Hedge fund LTCM blew up after Russia was forced to devalue and default on debt 1186.75 959.44 -19.2
Aug 25,1987 Oct 19,1987 2 Program trading linked to portfolio insurance led to flash crash 336.77 224.84 -33.2
Sep 21,1976 Mar 06,1978 18 107.83 86.9 -19.4
Feb 09,1966 Oct 07,1966 8 94.06 73.2 -22.2
Dec 12,1961 Jun 26,1962 7 1962 flash crash, Cuban Missile Crisis 72.64 52.32 -28
May 29,1946 May 19,1947 12 Post World War II demand surge tapered off as investors worried about inventory build up 19.25 13.77 -28.5
Nov 09,1938 Apr 28,1942 42 President Roosevelt ended few government programs and Fed tightened interest rates 13.79 7.47 -45.8
Jul 18,1933 Mar 14,1935 20 12.2 8.06 -33.9
Sep 20,2018 Dec 24,2018 3 U.S. imposes tariffs on China and threatens trade war 2930.75 2351.1 -19.8
Feb 19,2020 Nov 30,-0001 -24596 The WHO declared COVID-19, the infectious disease that was first identified in Wuhan, China, in December, a pandemic. 3386.15 0 -100

Bear Market With Recession

Recession Start Date Recession End Date Recession Duration (month) Peak Quarter Trough Quarter Recession Decline Bear Market Start Date Bear Market End Date Duration (month) S & P Start S & P End Change (%)
Nov 01,1948 Oct 03,1949 11 4Q48 4Q49 -1.5 Jun 15,1948 Jun 13,1949 12 17.06 13.55 -20.6
Aug 01,1957 Apr 07,1958 8 3Q57 2Q58 -3 Aug 02,1956 Oct 22,1957 15 49.64 38.98 -21.5
Dec 01,1969 Nov 18,1970 12 4Q69 4Q70 -0.2 Nov 29,1968 May 26,1970 18 108.37 69.29 -36.1
Nov 01,1973 Mar 24,1975 17 4Q73 1Q75 -3.1 Jan 11,1973 Oct 03,1974 21 120.24 62.28 -48.2
Jul 31,1981 Nov 23,1982 16 3Q81 4Q82 -2.5 Nov 28,1980 Aug 12,1982 21 140.52 102.42 -27.1
Jul 16,1990 Mar 21,1991 8 3Q90 1Q91 -1.4 Jul 16,1990 Oct 11,1990 3 368.95 295.46 -19.9
Mar 08,2001 Nov 01,2001 8 1Q01 4Q01 -0.4 Mar 24,2000 Oct 09,2002 31 1527.46 776.76 -49.1
Dec 10,2007 Jun 22,2009 19 4Q07 2Q09 -4 Oct 09,2007 Mar 09,2009 17 1565.15 676.53 -56.8
May 04,1937 Jun 03,1938 13 2Q37 2Q38 Mar 10,1937 Mar 31,1938 13 18.67 8.5 -54.5
Aug 30,1929 Mar 02,1933 43 3Q29 1Q33 Sep 07,1932 Feb 27,1933 6 9.31 5.53 -40.6
Aug 30,1929 Mar 02,1933 43 3Q29 1Q33 Sep 16,1929 Jun 01,1932 33 31.86 4.4 -86.2

Other Significant Declines

Recession Start Date Recession End Date Recession Duration (month) Peak Quarter Trough Quarter Recession Decline Bear Market Start Date Bear Market End Date Duration (month) S & P Start S & P End Change (%)
Jul 31,1953 May 03,1954 9 2Q53 2Q54 -2.4 Jan 05,1953 Sep 14,1953 8 26.66 22.71 -14.8
Apr 18,1960 Feb 13,1961 10 2Q60 1Q61 -0.1 Aug 03,1959 Oct 25,1960 15 60.71 52.2 -14
Jan 30,1980 Nov 23,1982 34 1Q80 3Q80 -2.2 Feb 13,1980 Mar 27,1980 1 118.44 98.22 -17.1

Bear Market Recession Average

Recession Bear Market Length (month) Average (%)
Average Without Recession -2225 -33.56
Average With Recession 19 -46.05
Average All -1103 -39.8