Stats Bear markets and drawdowns Recovery times

No primary source publishes bear market recovery times

-25.43%
(2022)
34.1%
-35.2%
(average)
54.3%
-51.93%
(2008)
108%
-89%
(1929 Dow)
825%

Recovery arithmetic is convex. Doubling the decline more than doubles the required gain, and at the extreme it becomes catastrophic.

Every bear market ends, but the recovery is nowhere published. The 26 month average that circulates online appears in no primary source, which gives depth and duration only. Verified recoveries run from five months after 2020 to over twenty five years after 1929.

about 5 monthsRecovery after 2020
about 15 monthsRecovery after 2022
over 25 yearsRecovery after 1929
+54.3%Gain to recover -35.2%

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