Many have compared the crisis in the USA with the Great Depression 30-ies. DJIA during the years of Depression has lost about 90%. To recover to 400 points took more than 20 years.

The Dow Jones timetable for the years 1928-1954

At the time of default in 1998 in Russia RTS index almost repeated the dynamics of the Dow Jones, having lost the same 90%. But the restoration of the Russian stock market is not taken so far. For 4 years, the market is back to 400 points. Those who entered during the August crisis had earned 900%.

RTS schedule for 1998-2002

To date, the Russian market fell by about 55-60% from May levels.

Schedule MICEX index since the beginning of 2008

If you look at the charts of default and the Great Depression, the market still has far to fall (200 points on the MICEX index and 250 points for the RTS Index - Target:)). But there are similar situations? The situations are similar only in part. And drop by 60%, in my view, very strong.