The markets have had an ugly start in 2016.
But as interesting as it is to track the play-by-plays, it’s also worth taking a gander at how this recent plunge looks relative to others.
This chart from Doug Short shows the percentage drops off the highs in the S&P 500 since March 9, 2009. Everything that was greater than a 5% drop is marked with a red dot.
Notably, although it’s certainly not the ugliest dip on the chart, this past week’s plunge is 8.81% below its all-time closing high.