The banks compared to the Great Depression
BAC had a 82 percent drop from its high of $55 in 2006 to it’s low of $10 in Nov 2008. In the stock market crash of 1929 to 1932 the dow droped 88%. The dow more than doubled in 1933 almost a year before the economy showed strong signs of recovery (when unemployment dropped considerably and gnp increased considerably in 1934). The dow did not fully recover until the fed gave up on trying to balance the budget at the start of WWII.
Are the banks stocks going to double the year before the recovery is measurable?