I wanna glide down over Mulholland
I wanna write her name in the sky
I'm gonna free fall out into nothing
Gonna leave this world for a while
--Tom Petty
The amazing thing about the chart below is not the depth of the dive (markets dropped 50%+ during credit crisis), but how quickly markets have dropped--not just from near term highs but from all time highs.
Worst performers: energy, banks, industrials (materials).
Friday, March 13, 2020
Bear Claws
Labels:
Depression,
energy,
health care,
markets,
measurement,
sentiment,
technical analysis,
time horizon,
valuation
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