It pays to be patient On Monday, the financial agency Reuters recalled that from 1946 to today, the S&P 500 index has gone through 13 bear markets and recorded average losses of 32.7%, which includes the brutal fall of 57% during the financial crisis of 2007-2009.
On average, the index bottoms out one year after it was officially declared in bearish mode (after accumulating a 20% loss). Historically, it takes two years for the index to regain the peak from which it started.
The last bear market in the S&P 500 lasted just one month between February and March 2020 when the pandemic hit while the longest bear market will have lasted 69 months from reaching the bottom to returning to the top, when the market was bearish from 2000 to 2003.
Organigram will be a double when it declares a profit, independently of what the SP500 is doing. British American Tobacco will know about it before we do and will probably make a lowball takeover offer at 2.50$ (in BAT shares with no cash). Time will tell.....
P.S. : BAT pays a 8.5% dividend, so I'd take their offer.