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Here's how long an S&P 500 bear market could last, based on historical data

Yahoo Finance Live's Brian Sozzi breaks down the stat of the day.

Video Transcript

BRIAN SOZZI: All right, this bear market could just be getting started, if history is any guide. Since 1950, the average bear market has lasted 338 days and saw the S&P 500 fall an average of 30.2%. Source for all these fun facts, LPL Financial's Ryan Detrick.

JULIE HYMAN: Why do you sound so gleeful about this, Sozz?

BRIAN SOZZI: I was laughing at the salami comment I made.

JULIE HYMAN: Oh.

BRIAN SOZZI: Yeah, I'm not rooting for any bear markets here. It's all about that salami.