With stocks selling off as rapidly as 1987, some analysts wonder if they can bounce as fast too

"In 1987, the decline took longer but from when it really started cascading lower, it only took 10 days," said Matt Maley, equity strategist at Miller Tabak. The market top was in August, 1987.

"In both cases, the economy was at or near full employment and generally healthy going into the crash. Both suffered severe and amazingly quick collapses and… both have very similar patterns leading up to and during the crash. After the 1987 capitulation, there was also widespread calls for an imminent recession as there are today," he said in a note.

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Stocks may be due for a near-term bounce after worst day since 1987, trader saysThe U.S. stock market appears primed for upside that could last longer than recent bounces, says Miller Tabak chief market strategist Matt Maley. TradingNation They'll be trending down for weeks more... The US is likely to have hundreds of thousands of deaths... That's not an environment in which the market will rebound meaningfully. TradingNation Dead cat bounce TradingNation BlueHorseShoe Loves Anacott Steel
Fuente: CNBC - 🏆 12. / 72 Leer más »