Anti-fragile: S&P 500’s rebound from a selloff gets shorter even amid an elevated price-earnings ratio
Days to recoup losses
36
2,623
823
195
162
357
181
48
30
5,850
4,550
3,250
1,950
650
2000
2005
2010
2015
2020
2025
10.0x
15.0x
20.0x
25.0x
357 days
Oil price crash
181 days
COVID-19 pandemic
S&P 500 Index
S&P 500 Price/Forward EPS
48 days
Russia-Ukraine war
30 days
U.S. tariff selloff
162 days
U.S. credit rating downgrade
36 days
9/11 and Afghan invasion
2,623 days
Dot-com crash
823 days
Global financial crisis
195 days
European debt crisis
357 days
Oil price crash
0.0x
5.0x
10.0x
15.0x
20.0x
25.0x