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Biz_BearMarkets.sPubDate = "10/30/2009 6:39:16 PM GMT";
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Biz_BearMarkets.appHeader = "Fact file | 11 historic bear markets";
Biz_BearMarkets.appFooter = "Source: Global Financial Data, msnbc.com research.";
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Biz_BearMarkets[i++] = new Array("","Introduction","<a href=\"javascript:vPlayer('26756590','a6a56a7c-7178-4cff-9453-67320bd20629')\"> Video from Oct. 27, 1997: NBC's Robert Hager looks back at some of the economic hard times in the United States.","http://msnbcmedia.msn.com/j/msnbc/Components/Video/080917/x_30_nn_stockmarkethistory_080917.htease.jpg","","", "v", "", "|", "", "right", "", "", "110", "147", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> Introduction </p></b><p><br>By one common definition, a bear market occurs when stock prices fall for a sustained period, dropping at least 20 percent from their peak. The Great Recession was accompanied by a painful bear market that lasted nearly a year and a half. <br>Here is a look at some notable bear markets of the past 80 years, with the crash of 1929 shown for comparison. ";

Biz_BearMarkets[i++] = new Array("","1929-32","<a href=\"javascript:vPlayer('27070214','a6a56a7c-7178-4cff-9453-67320bd20629')\">Video from Oct. 26, 1979: NBC&#146;s Mike Jensen looks at America&#146;s stock market fifty years after the crash of 1929.","http://msnbcmedia.msn.com/j/msnbc/Components/Video/_NEW/50TH-ANNIVERSARY-1929-MARKET-CRASH.htease.jpg","","", "v", "", "|", "", "right", "", "", "110", "147", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> September 1929 to June 1932 </p></b><p><br>The stock market crash of Oct. 29, 1929, marked the start of the Great Depression and sparked America's most famous bear market. The S&P 500 fell 86 percent in less than three years and did not regain its previous peak until 1954.<p><br><b>S&P 500 high:</b> 31.86<br><b>Low:</b> 4.4<br><b>Loss:</b> 86.1 percent<br><b>Duration:</b> 34 months<br>";

Biz_BearMarkets[i++] = new Array("","1946-49","May 1946: Sylvia Morrison examines the model of the trailer park which will be built in California, mainly to house former military personnel.","http://msnbcmedia.msn.com/j/msnbc/Components/Photo/_new/1946-housing.htease.jpg","","", "", "", "", "", "right", "Keystone", "Getty Images", "89", "148", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> May 1946 to June 1949 </p></b><p><br>Less than a year after the end of World War II, stock prices peaked and began a long slide. As the postwar surge in demand tapered off and Americans poured their money into savings, the economy tipped into a sharp \"inventory recession\" in 1948.<p><br><b>S&P 500 High:</b> 19.25 <br><b>Low:</b> 13.55 <br><b>Loss:</b> 29.6 percent<br><b>Duration:</b> 37 months<br>";

Biz_BearMarkets[i++] = new Array("","1961-62","May 1962:  The trading floor of New York's Stock Exchange on Wall Street. ","http://msnbcmedia.msn.com/j/msnbc/Components/Photo/_new/nyse-may-1962.htease.jpg","","", "", "", "", "", "right", "", "Getty Images", "110", "147", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> December 1961 to June 1962 </p></b><p><br>The economy expanded, but the Bay of Pigs attack of April 1961 and Cuban Missile Crisis of October 1962 sparked Cold War jitters and a brief bear market.<p><br><b>S&P 500 high:</b> 72.64 <br><b>Low:</b> 52.32 <br><b>Loss:</b> 28.0 percent<br><b>Duration:</b> 6 months";

Biz_BearMarkets[i++] = new Array("","1968-70","A young female protester wearing a helmet faces down armed officers at an anti-Vietnam War demonstration outside the 1968 Democratic National Convention in Chicago. ","http://msnbcmedia.msn.com/j/msnbc/Components/Photo/_new/1968-protest.htease.jpg","","", "", "", "", "", "right", "Hulton Archive", "Getty Images", "89", "148", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> November 1968 to May 1970 </p></b><p><br>Rapid-fire growth ended with a mild recession, accompanied by relatively high inflation of about 6 percent annually. The bear market began just as Richard Nixon was elected president after a tumltuous year of assassinations and  riots. The weak economy added to a tense national atmosphere dominated by the growing U.S. involvement in Vietnam.<p><br><b>S&P 500 high:</b> 108.37 <br><b>Low:</b> 69.29<br><b>S&P 500 loss:</b> 36.1 percent<br><b>Duration:</b> 18 months";

Biz_BearMarkets[i++] = new Array("","1973-74","<a href=\"javascript:vPlayer('23598405','a6a56a7c-7178-4cff-9453-67320bd20629')\">Video from Oct. 17, 1973: On the day OPEC announces its oil embargo, the news is reported by NBC News' John Chancellor, Robert Hager, Don Oliver and Tom Brokaw.","http://msnbcmedia.msn.com/j/msnbc/Components/Video/_NEW/nn_opec_embargo_731017.htease.jpg","","", "v", "", "|", "", "right", "", "", "110", "147", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> January 1973 to October 1974 </p></b><p><br>Israel's Yom Kippur War and the subsequent Arab oil embargo sent energy prices soaring, sparking a lengthy recession. The annual consumer inflation rate topped 10 percent. The Watergate scandal forcing President Nixon to resign. <p><br><b>S&P 500 high:</b> 119.87<br><b>Low:</b> 62.28<br><b>Loss:</b> 48.0 percent<br><b>Duration:</b> 21 months";

Biz_BearMarkets[i++] = new Array("","1980-82","1981: Ronald Reagan at his ranch in California shortly before his inauguration as 40th president of the United States.","http://msnbcmedia.msn.com/j/msnbc/Components/Photo/_new/1981-reagan.htease.jpg","","", "", "", "", "", "right", "Express", "Getty Images", "89", "148", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> November 1980 to August 1982 </p></b><p><br>After nearly a decade of sustained  inflation, the Federal Reserve raised interest rates to nearly 20 percent, pushing the economy into recession. The combination of high inflation and slow growth -- known as stagflation -- was a factor behind Ronald Reagan's victory over President Carter in 1980.<p><br><b>Duration:</b> 21 months<br><b>High:</b> 140.52 <br><b>Low:</b> 101.44 <br><b>S&P 500 loss:</b> 27.8 percent";

Biz_BearMarkets[i++] = new Array("","1987","<a href=\"javascript:vPlayer('26962456','a6a56a7c-7178-4cff-9453-67320bd20629')\">Video from Oct. 21, 1987: Two days after dropping 508 points on Black Monday, the stock market regained more than a third of what it lost. NBC's Mike Jensen reports.","http://msnbcmedia.msn.com/j/msnbc/Components/Video/080930/x_30_nn_blackmonday_080930.htease.jpg","","", "v", "", "|", "", "right", "", "", "110", "147", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> August 1987 to December 1987 </p></b><p><br>After a prolonged bull run, computerized \"program trading\" strategies swamped the market and contributed to the Black Monday crash of Oct. 19. Investors were also nervous after a heated debate between the U.S. and Germany over currency valuations, sparking fears of a devaluation of the dollar. As a result the Dow fell 22.6 percent -- the worst day since the Panic of 1914. Yet while the days after the crash were frightening, by early December  the market had bottomed out, and a new bull run had started.<p><br><b>S&P 500 high:</b> 337.89 <br><b>Low:</b> 221.24 <br><b>Loss:</b> 33.5 percent<br><b>Duration:</b> 3 months";

Biz_BearMarkets[i++] = new Array("","2000-02","<a href=\"javascript:vPlayer('27072037','a6a56a7c-7178-4cff-9453-67320bd20629')\">Video from July 2001:  Dot-coms become dot-bombs as the tech sector of the U.S. economy bottoms out.","http://msnbcmedia.msn.com/j/msnbc/Components/Video/_NEW/TECH-STOCKS-PLUMMET.htease.jpg","","", "v", "", "|", "", "right", "", "", "110", "147", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> March 2000 to October 2002 </p></b><p><br>The bursting of the dot-com bubble followed a period of soaring stock prices and exuberant speculation on new Internet companies. Companies with little or no profits had market values that often equaled or exceeded that of established \"old-economy\" corporate giants. The Nasdaq composite index, which soared in value thanks to the listings of hundreds of tech start-ups, plunged 50 percent in nine months and never again came close to its 2000 peak.<p><br><b>S&P 500 high:</b> 1527.46<br><b>Low:</b> 776.76<br><b>Loss:</b> 49.1 percent<br><b>Duration:</b> 30 months";

Biz_BearMarkets[i++] = new Array("","2007-09","<a href=\"javascript:vPlayer('27048406','a6a56a7c-7178-4cff-9453-67320bd20629')\">Video from October 2008: The Dow Jones industrial average plunges below 10,000 for the first time in four years.","http://msnbcmedia.msn.com/j/msnbc/Components/Video/081006/n_brewer_under10k_081006.htease.jpg","","", "v", "", "|", "", "right", "", "", "110", "147", "#000000", "", "", "", "");
Biz_BearMarkets[i-1].body = "<b><p style=\"font-size: 10pt; color: red\"> October 2007 to March 2009 </p></b><p><br>A long-feared bursting of the housing bubble became a reality beginning in 2007, and the rising mortgage delinquency rate quickly spilled over into the credit market. By 2008, Wall Street giants like Bear Stearns and Lehman Bros. were toppling, and the financial crisis erupted into a full-fledged panic. By February the market had fallen to its lowest levels since 1997.<p><b>S&P 500 high:</b> 1565.15, Oct. 9, 2007<br><b>Low:</b> 682.55, March 5, 2009<br><b>S&P 500 loss:</b> 56.4 percent<br><b>Duration:</b> 17 months";

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