This is now the 15th worst S&P 500 correction going back to 1929
Moving up the list by going down
Yesterday, I showed how the current downturn fit into the stock market’s history since the Great Depression. Well, with the next leg down, the market has gone to an even lower low, so we can update that table we just looked at:
This correction now stands as the 15th worst on record:
Percentages are neat and all but what can be more contextually useful is applying those percentages to the S&P 500 to see where the index would need to go next to move up on the list of worst downturns:
Another 258 points down for the market and we will be in the top ten! Let’s try to not make that list, for everyone’s financial sanity.