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S&P 500 May Have Another 24% to Fall, 150 Years of Market History Shows

  • SocGen studied post-crisis market valuations starting in 1870s
  • Bottom should be as much as 40% below January peak, firm finds
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S&P 500 May Be 24% From Bottom, Market History Shows

The S&P 500 Index may have another 24% to fall by year-end, if the past 150 years of financial-market history are any guide.

That’s according to Societe Generale, which calculates the benchmark gauge may need to tumble as much as 40% from its January peak in the next six months to hit bottom. That comes out to 2,900. The upper end of the range the firm gave is for the index to slump by roughly 34% from its top, to 3,150.