The past couple of weeks have been the most insane period many investors have ever witnessed. Fears over the health and economic impacts of COVID-19 has caused more days of extreme volatility in the past few weeks than in the past few years. Any one of about a half-dozen days over the past two weeks would qualify as either the single best, or single worst, day for stocks in at least a decade.
How crazy has it been? On Thursday, March 12, both the S&P 500 and Dow Jones Industrials fell 10%, the worst day for stocks in more than 32 years. On Friday, the markets rebounded late in the day to gain 9%, one of the best days for stocks in decades, but stocks still fell more than 10% on the week and are still down 20% from the 2020 peak.
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