'73 Bear Market: Looking for a Pattern
Article discusses trend in stock prices in past 6 mo; analyzes 7 most recent downtrends for possible pattern; notes prices since Jan 11 have been in bear mkt, 7th since World War II, that Standard & Poor's index dropped 14% during this period, and that avg decline in prices during 1st six postwar bear mkts, according to Standard & Poor's, lasted 16 mos and avg drop in index was 25%; summarizes views of several analysts in explaining why stocks have declined this yr; June '72‐June '73 graph