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little known mathematical fact
By the way, this is a little known mathematical fact.
For a stock (or index) to go from -50% to -80% from its peak, it has to drop another 60%. To go from -50% to -90%, it has to drop another 80%. Imagine if financial stocks dropped another 60-80% from today's levels!
It makes a lot more sense to plot the above chart on a LOGARITHMIC plot, then you would see just how much more devastating it is to go from -50% to -90% compared to 0 to -50%. If I have time, I will get the same data, put it in Excel, and make a log plot.
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