Bear Markets Versus Bull Markets

There's been 11 different time periods where the market has lost 20%. How do we think about those in perspective? We want to show here that just compares from 1942 all the way through this year, bear markets versus bull markets. And what you can see is when you compare these two, even though there were 11 of these period where the market dropped more than 20%, the bull markets far outpace and are so much grander than the bear markets on our economic side.