Here is a chart of the major bear markets since 1900 that shows the impact of the Great Crash of 1929 as a solitary event, and then again as the prelude included in the bear market of the Great Depression of 1929 - 1932.
We were bothered a little on the first version of this chart that the Great Crash did not show its full impact. Imagine the decline we have seen over the past year, but with more intensity, occurring in less than two months!
Special thanks to our friend Elvis_Knows for the chart update, and for all his many contributions and charts over the past year.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception