- In 1929, the Standard & Poors Index (SPX) lost 77% to inflation. It took 24 years to recover.
- In 1987, the SPX lost 64% to inflation. It took 21 years to recover.
- In 2009, the SPX lost 64% to inflation. It took 12 years to recover.
Bear markets generally last for five years. Can any of us really afford the risk of public market investing?