Chart compares bear markets from the Depression to now. Sourced from here.Given the ferocity of decline above, I am not sure if the honorable Dr. Bernanke is sifting the tea leaves appropriately when he makes statement like this...
From here: “If actions taken by the administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability -- and only if that is the case, in my view - - there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery”.
