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This has been an unforgettable year for Wall Street that'll undoubtedly be discussed for decades to come. The unprecedented coronavirus disease 2019 (COVID-19) pandemic initially sent the broad-based S&P 500 lower by 34% in just 33 calendar days. For context, previous corrections where the benchmark S&P 500 lost at least 30% of its value took an average of 11 months to hit that mark. The COVID-19 bear market did so in less than five weeks.
But just as amazing is the rally from the March 23 bear market low. It took less than five months for the widely followed S&P 500 to ascend to new highs. That, too, is the quickest move off of a bear market low in history.
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Source Fool.com
