Why the next bear market could shave 35% off the Dow
“How severe? A simple econometric model whose inputs are past bear markets and CAPE values predicts that, if a bear market were to begin from current levels, the Dow would tumble 35.3% Though that’s less severe than the 2007-2009 bear market, it still would sink the Dow below 17,000. Bulls take note.”
USAGOLD note: A numbers based approach worth that might be particularly useful for those who refuse to recognize that bear markets can be very difficult experiences.