Here is the S&P 500 since it peaked back on February 19 of this year. SPY_^SPX_chart (1) Ycharts.comNow, here is the S&P 500 from back in the Global Financial Crisis. In 2008, AFTER the S&P 500 was down 29%, it rallied very strongly, by 5%...for a day. ^SPX_chart (3) Ycharts.comWhen it was all done, that 29% drop and its cousin, a 39% drop after the “29%er,” left the S&P 500 looking like this. SPY_^SPX_chart Ycharts.comFrom this point forward, in March of 2009, the S&P 500 went on its best bull market run in recent history.

Source: Forbes March 20, 2020 16:57 UTC