By Julie Verhag Bloomberg January 26, 2016
U.S. stocks may be looking a bit better after one of the worst starts to the year on record, but a number of markets, especially the emerging kind, have already entered or come within points of a bear market.
Investors seeking clues as to the future direction of global equities might turn to history as their guide; Morgan Stanley analysts led by Andrew Sheets certainly have. They've crunched the numbers on more than 40 bear markets thoughout history, defined as a more than 20 percent peak to trough decline.
Here's what they found. Read full article here