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We are now 32% down from the peak in only 30 days (21 trading days). S&P 500 is still freefalling
If S&P 500 falls another 25% from current prices (to $1,730), we would reach the maximum damage felt in the 2000-2002 recession.
In the last 4 weeks, there were 6 days with positive returns and 14 with negative returns. Volatility is unprecedented as well
There was some demand to compare the current COVID-19 crisis to the Great Depression. This current drop is even more drastic than the one experienced in 1929.
That being said, I am convinced we will get nowhere close to an 86% drop
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