(Source: Imgflip)
Historical Volatility + Pandemic/Economic Uncertainty Have market In A Panic
To say that we're facing high economic/corporate earnings uncertainty right now is an understatement.
(Source: Wikipedia)
In just the past nine days we've seen three of the worst days for the S&P 500 in history. As I write this, the market is down 7.6% and experiencing the 20th worst day in market history.
The so-called "fear index" closed at a new record high on March 16, 82.7, surpassing the 80.9 record set in 2008. Technically this was the highest closing volatility ever