Technically Speaking, the Dow Just Rocketed Out of a Bear Market
- Its best stretch in nine decades sends it up 20% from its low
- It fell more than the S&P 500 and is now rallying more
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As ridiculous as it sounds, the Dow Jones Industrial Average just climbed out of the bear market it entered two weeks ago.
It’s a development that speaks to the tenuousness of market conventions in times of extreme volatility. The biggest rally since 1933 helped push the gauge up the requisite 20% from the low it hit Monday, meeting one time-honored definition of a bull market.