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Chart Comparison to 1987

The chart above, courtesy of Bill Cara, shows the S&P 500 from Aug 14, 2008 through Nov 11, covering 63 days, compared to the period from Aug 26, 1987 through Feb 24, 1988.

This details the crash of 1987 compared to our post-Lehman Brothers crash of the last eight weeks.

1987 was very painful for those of us that were in the market then, but as the chart shows, once the bottoming process ended, the market moved higher.