balance sheet between the periods of January 2010 and December 2015, they experienced a correlation of about 0.98, meaning they moved in the same direction about 98% of the time, so it is definitely a key accelerant. When we talk about this recession, we tend to call it unprecedented, but if you actually think about it, we look at the data, and you go back to the past 13 recessions, the S&P 500 had a drawdown of about 30%.
And then in the subsequent 12 months from the market bottom it had a rally about 35%. This doesn't really look any different.""The market is going to continue to trend higher here.
TradingNation Weird. CBO just projected Covid pandemic will create a 3% decrease in GDP & $8 Trillion loss over the next decade. And the unemployment numbers on Friday could hit 20%. Guess it depends on the definition of *recovery. Oddly out of sync? (Dow still well below Feb 12, 29.5k peak)
TradingNation Slowly but surely recovering. History repeating itself. Stimulus and vaccine hopes. All good news
TradingNation This is the 3rd time the Dow was up over 500 points in the last 7 business days. The Dow is up about 1,700 points since Memorial Day
TradingNation Hope has gone parabolic
TradingNation It rises as the FED hands out money to Billionaires so they can become Trillionaires.
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