The Great Recession

Awesome chart from Calculated Risk:


Blue = current Bear Market
Gray = Great Depression Bear Market

Check out Google Trends for "Great Recession."

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"Awesome" is one word for it. Note the lack of any sharp bear-market rallies this time around compared to 29-32. It's been pretty much going down like waterfalls. So don't be fooled if there's a sudden uptick - it may well mean nothing.

It's a great chart. But (I'm assuming this is calculating this in terms of USD but) I think it would be even better if it calculated it in terms of gold, so you could see what's happening, without having things distorted by inflation.

"Failure" as hoped for by some is how far down?

Oh, I think there was a very sharp drop around September-November of last year. I wonder what could have been going on in the mind of the non-"genius" but self-interested investors then?