FILE PHOTO: The"Fearless Girl" statue is seen outside the New York Stock Exchange in the Manhattan borough of New York, U.S., May 26, 2020. REUTERS/Mike Segar/File Photorecord closing high on Tuesday confirmed that the coronavirus-fueled bear market of 2020 was by far the shortest ever.
Measured from the benchmark’s previous record high on Feb. 19 to its trough on March 23, the pandemic-induced bear market lasted a mere 33 days, compared to the median age of 302 days of 20 bear markets going back to the 1920s, according to Yardeni Research data.By one commonly used definition, a new bull market in the S&P 500 began when the index bounced from its March 23 low, supported by trillions of dollars in stimulus from U.S.
Wall Street’s dramatic bounce over the next five months saw the S&P gain some about 55% in the face of widespread economic devastation and a resurgence of the coronavirus pandemic in parts of the United States. In June, the Nasdaq became the first of the three major U.S. stock indexes to reclaim all-time highs, powered by gains in the shares of big technology-related companies that prospered during COVID-19 lockdowns, including Amazon.com Inc (
This has nothing to do with the “real” economy. The middle class in the US aren’t large buyers of stock, in fact just recently it was reported that this recovery is more of a “K” shaped recovery, not a “V” shaped one. The rich have recovered and everyone else hasn’t.
Nonsense. A market has to be of a certain length to BE a market. It's your definition of a 'market' that's now flawed. This was a momentary dip of an insignificant length: a statistician's 'bear market'.
Juiced
Let's talk about how Mnuchin and the fed are dumping trillions into corporate bonds manipulating the market. Anyone? Anyone? Bueller?
The stock market is a Ponzi Scheme.Nothing to do with Company performance.All to do with buying shares hoping somebody will give you more for them than you paid.All going to end in tears and soon.We're in a depression and the job losses have barely begun. foolsgold
Manipulated
Yes because billions were spent on stocks and businesses from America. We are really a socialist society. Always bailing businesses
Kim, there's people that are dying.
buszero
market was overvalued before the worldwide shutdown, if you think it’s only gonna go up from now, you need basic economic knowledge
Bullshit. The rich get richer and the poor get poorer. You a trump mouthpiece now?
Jinxed it now
Right