Skip to content

Retirement Corner

Bear markets: painful, but not uncommon

Distress breeds opportunity
Every bear market is different, and the beginning of a new bull market is only known with the benefit of hindsight. However, bear markets have inevitably given way to market rebounds.

The 12 months following bear market troughs have always seen well above-average performance, with one-year stock returns averaging nearly 46%.

Courtesy of Fidelity Investments,

Historical U.S. Stock Bear Markets

Source: ISI, Bloomberg, National Bureau of Economic Research, HaverAnalytics, FMRCo. (MARE) as of 10/20/2008.  Recessions are defined by the National Bureau of Economic Research. 

All stock returns represented by S&P 500 Index returns. Past performance is no guarantee of future results. You cannot invest directly in an index. The S&P 500®, a market capitalization-weighted index of common stocks, is a registered service mark of the McGraw-Hill Companies, Inc. and has been licensed for use by Fidelity Distributors Corporation.
Investment decisions should be based on an individual's own goals, time horizon, and tolerance for risk. Past performance is no guarantee of future results.

Contact Us

If you would like a specific topic discussed or have a question you would like answered in a future issue of this newsletter, please send your suggestions to

UT System Employee Benefits Web site:
UT System Retirement Programs Web site:
Your Local Benefits Office: