Down and Dirty - A century of bear markets (Dow Jones Industrial Average)
| Start | End | Dow Loss |
| 1899 | 1900 | -32% |
| 1901 | 1903 | -46% |
| 1906 | 1907 | -49% |
| 1909 | 1911 | -27% |
| 1912 | 1914 | -24% |
| 1916 | 1917 | -40% |
| 1919 | 1921 | -47% |
| 1929 | 1932 | -89% |
| 1937 | 1938 | -49% |
| 1938 | 1939 | -23% |
| 1939 | 1942 | -40% |
| 1946 | 1949 | -24% |
| 1961 | 1962 | -27% |
| 1966 | 1966 | -25% |
| 1968 | 1970 | -36% |
| 1973 | 1974 | -45% |
| 1976 | 1978 | -27% |
| 1981 | 1982 | -24% |
| 1987 | 1987 | -36% |
| 1990 | 1990 | -21% |
| Avg | -37% |