2 The regularity of market crashes is a reminder that patience is key to investing in equity markets. comentada em 25/05/2020 08:34 Assuntos Gerais Zikka13 em 24/05/20 22:17 comentada em 25/05/2020 08:34 The chart below uses real monthly U.S. stock market returns going back to January 1886 and annual returns over the period 1871–85, which I originally compiled for Siegel’s 2009 book, Insights Into the Global Financial Crisis. Here, I use the term “bear market” (generally defined as a decline of 20% or more) interchangeably with the term “market crash.”Each bear-market episode is indicated with a horizontal line, which starts at the episode’s peak cumulative value and ends when the cumulative value recovers to the previous peak.A Direct Comparison of the Most Severe Market Crashes.The chart below places the recent stock market sell-off into the context of the five other most severe market crashes to compare their time to recovery.The 2020 Coronavirus Sell-Off: How It Compares to U.S. Stock Market Performance in the 5 Most Severe Bear Markets Since 1871.What Prior Market Crashes Can Teach Us About Navigating the Current One | Morningstar