Here's our preferred version the Mega-Bear Quartet. This one shows the current S&P 500 from the top of the Tech Bubble in March 2000. This version is more consistent with our general preference for real (inflation-adjusted) analysis of long-term market behavior. When we adjust for inflation, the all-time high for the S&P 500 was in 2000, not 2007.
For regular visitors to this website, here's the familiar musical analogy that allows you to view the bear market comparisons incrementally. Use the blue links to add the parts.
See also the original version, which puts the start of the current secular bear in October 2007, the nominal all-time high in the S&P 500.