Monday 23 March 2020

This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression

This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression

The second, third and fourth quickest 30% pullbacks all occurred during the Great Depression era in 1934, 1931 and 1929, respectively, according to data from Bank of America Securities. “This is not good company for 2020,” Stephen Suttmeier, a technical research strategist at the bank, said in a note Monday. “The 2020 correction continues to make history, having already claimed the title as the third fastest end to a bull market going back to 1928.”
Read more: https://www.cnbc.com/2020/03/23/this-was-the-fastest-30percent-stock-market-decline-ever.html?source=Snapzu

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