"One painful lesson of the last bear market is that after a 50 percent decline, stocks needed to rise 100 percent simply to return to their starting point. That is just the way the math works,"

"One painful lesson of the last bear market is that after a 50 percent decline, stocks needed to rise 100 percent simply to return to their starting point. That is just the way the math works," writes @jeffsommer. https://t.co/QmeBq8Xqdr

— NYT Business (@nytimesbusiness) May 9, 2019