Last February, we had the so-called Shanghai surprise, which was the Chinese stock market tumbling a large percent in only a few days, seemingly heeding the call for various China bubble predictions. But their index quickly recovered, as with the rest of the worlds'. The year before that was American rate hike concerns which created a similar V spike downwards but also similarly recovering at a fast rate.
Just this July, subprime concerns brought indexes 10 to 30% lower, and are now back to where they were in their July highs. This made for a protracted V shaped recovery, much to the chagrin of "the bear has come" naysayers.
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