You’ve probably noticed that stocks haven’t gone anywhere in a while. The S&P 500 is unchanged over the last 371 days, which has happened just 119 times since 1928, or 0.54% of the time. Below is a chart showing all these instances where stocks were flat over the previous 371 days. If you’re frustrated with…

The longest bear market didn’t begin in 1929 or 2007, but rather on January 11, 1973 [i].  The 437 days from peak-to-trough gave birth to many well-known value investors and also left in its wake a generation of brokers that would never return to Wall Street. Roger Lowenstein described how this period is remembered forgotten…