Last Updated Sep 30, 2011 5:26 PM EDT
Not yet a bear
As April closed, stocks were within 1.8 percent of the all time high on October 9, 2007. Since then we have approached bear territory, which is generally considered to be a decline of 20 percent. Stocks are currently down 16.63 percent from that 2011 bull high. This compares to the 17.6 percent plunge markets had in October 2008 alone.
While stocks are down, it's important to see where we are versus our recent past. Today the stock market is 19.1 percent below the pre-real estate and financial crash all time high in 2007, and 80.6 percent higher than the bottom reached on March 9, 2009.