PDF Kate Warne, Ph.D., CFA • Investment Strategist

Declines in the Dow Jones Industrial Average. Dip (5% or more) Correction (10% or more) Bear (20% or more) Number 398 127 32 Per Year 3.3 About 1 About 1 every 3.5 years . Source: Ned Davis Research, 1/2/1900-12/31/2019. Past performance does not guarantee future results. The Dow is an unmanaged index and cannot be invested into directly. ................
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