History tells us brace for more market pain, S&P's Sam Stovall says. Of the 12 20% post-WWII...

|By:, SA News Editor

History tells us brace for more market pain, S&P's Sam Stovall says. Of the 12 20% post-WWII drops, it's taken nine months on average to get there, with a typical slide of one-third. If history repeats, "the S&P 500 will cross the 20% decline threshold by January 2012 (closing below 1091) and ultimately bottom in the low-900s by mid-2012," according to Stovall.