The Dow plunged into a bear market in just 20 days — the fastest 20% plunge in history
to enter bear market territory on Wednesday, easily making it the fastest such slide in the US stock market's history.
Past 20% declines from the index's peak took 255 sessions on average, Michael Batnick, director of research at Ritholtz Wealth Management, wrote in a MondayThe S&P 500 narrowly avoided closing in bear territory on Wednesday but is poised to join its peer index in Thursday's session.Wall Street shrugged off coronavirus concerns for weeks as the global outbreak intensified. Once investors woke up to its economic threat, violent sell-offs fueled theslid 5.
, bringing the benchmark index more than 20% from its February 12 peak. The decline marks the end of the historically long bull market and forces investors to absorb the first bear market since the financial crisis. The Dow tumbled into bearish territory over just 20 trading days, far quicker than other declines of such caliber. Past 20% declines from the index's peak took 255 days on average, with a median of 156 trading sessions, Michael Batnick, director of research at Ritholtz Wealth Management, wrote in a MondayThe second fastest bear slide took place in 1929, when the Great Crash contributed to a 36-session drop into a bear market.
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