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Today, the NBER made news by saying the recession officially started in December 2007. This is the fifteenth recession since 1926.

Of the 82 years from the beginning of 1926 through 2007, 182 months have been in recession which is about 18.5% of the time. During those 182 months, the stock market fallen at an annualized rate of 9.6% (including dividends and inflation).

Of the 802 months of expansion, the stock market has risen at an annualized rate of 11.3%.

Posted by edelfenbein at December 1, 2008 2:24 PM