Mebane Faber of Cambria Investment Management provides this useful chart from The Leuthold Group. It shows the average length and depth of bear markets going back to 1899. The data shows the following:
Average bear market decline (1899-2009): -37%
Average bear market decline (1945-2009): -30%
2011 bear market decline: -19%
By historical standards, this bear market remains meager.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.