Quote:
Originally Posted by Leondros
Equity markets are starting to panic a bit as a result of this.
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Where? S&P is down 2.24%, Nasdaq is down 2.14%, etc. Pretty average days for a steady bear market.
When there's panic in the market you'll see volatility of +/- 10 to 15% some days like we did in 2008.
I haven't seen anything resembling panic in the markets yet, although I'm curious if we will throughout this. The market seems to be playing out more closely to the S&P bear market of 2000-2002. Slow and steady decline that eventually ended at around a 50% decline from the peak. Currently the S&P is only 23.7% off its peak. I think everyone agrees there's more for it to fall, but I haven't seen any panic yet.