Keeping with the discussion about market corrections from the last two days (at least as it pertains to the Nasdaq), I went through almost a hundred years of daily S&P 500 data and carved out every single instance of a 10% market drop (or greater):
For some of these market events, there are well-established drivers and names (e.g. the Great Depression). However, for others, the cause or narrative isn’t always clear. Thus, there aren’t defined names for everything, so I just had some fun coming up with my own fun names based on stuff that likely caused it or was occurring at the time. Hope you enjoy checking out some of this history and also get a decent scare realizing just how much time the market spends well below all-time highs.
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that's a sick chart. surprising Great Recession was significantly worse peak to trough than COVID, but maybe that's because COVID happened so fast it felt like each day the sky was falling last March