1. 2008/09: from Oct 2007 to Mar 2009, SPX dropped about 910 points in 17 months;
2. 2022: YTD, SPX dropped about 1320 points (high to low) in 9.5 months
3. So far in 2022, SPX has lost rougly as much as 1.5 times of market cap loss in 2008/09 bear market, which just took half time of 2008/09.
Of course, it's all paper money, but again, it's too fast and too furious! Lots of people's 401k (fully in stocks) has become 301K or 201K. Negtive wealth effect does make impact in the society.
Not sure how deep the markets can go before the end of this bear market, but it appeared we have seen the lowest point for 2022 this morning.
News itself doesnt' matter, what matters is how the markets react to it!
Don't try to be outsmart the market, nobody can; be humble and follow the money! :-)