Stock Market Rally Comparisons

Uncategorized
Written By H. Pike Oliver

The folks at Chart of the Day (www.chartoftheday.com ) have posted at chart that compares what has taken place during previous stock market rallies following a "'massive bear market" --  defined as a decline of greater than 50%. There  have been only three such bear markets since the Dow was established in 1896.  They took place in the  early 1930s, late 1930s until early 1940s, and after the financial cataclysm of 2008.  The chart also  adds the rally that followed the dot-com bust during which the Nasdaq declined 78%. The chart demonstrates that the current rally is similar to that of the Nasdaq rally that began in late 2002 as well as the Dow rally that began in 1942. After about ten months, the  prior rallies moved into a trading range/choppy phase that lasted for a year or more.

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
Previous

Four Impediments to Economic Normalcy
Next

The Risk of Recession According to John Mauldin