Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

CHART OF THE DAY: Bear Markets Don't End Quickly With A Bailout - 06.30.2017 bear tracks cartoon

Before you stop reading because you want this bear/crashing market to end as soon as it started, bear with me and review the history of recessions and their commensurate bear markets:

A) As you can see in today’s Chart of The Day – Bear Markets Don’t End Abruptly
B) On peak to trough GDP declines of -18-27% the duration of Bear Markets are either 34 or 61 months
C) On the peak to trough GDP #slowdown post 9/11 of -0.3%, the Bear Market lasted 31 months

But many of the questions in my inbox want this one to last 1 month! Even our #Quad4 US Equity Beta crash call of Q4 of 2018 lasted 3 months (and that was during an economic expansion!).

CHART OF THE DAY: Bear Markets Don't End Quickly With A Bailout - 49