This ugly looking chart of the S&P 500 serves on one hand as a grim reminder of how much rebound it will take to get back to the market's previous highs, and on the other hand, how much opportunity there is ultimately in the long term for those investors who have the fortitude to build positions at these levels. It may be a good historic time to start gradually wading back in. Go slowly, as this moment in the market/time continuum may become more historic.
When you're down peak to trough -37.6% it takes 60%+ to get back to even at the market's previous highs.
Chart: Bespoke Investment Group
