Bloomberg: "VIX at 76 Means Two More Weeks of Pain Going by 2008 Playbook"

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Bloomberg: "VIX at 76 Means Two More Weeks of Pain Going by 2008 Playbook"

Excerpt from Bloomberg quoting DataTrek’s Nick Colas:

…. “With trillions lost and volatility everywhere, U.S. stocks are tracing a path disturbingly close to the 2008 playbook. If the pattern continues, it may mean two more weeks of pain to come.

The S&P is likely headed toward 2,000 over the next 14 days, according to Nicholas Colas, co-founder of DataTrek Research, unless fiscal stimulus from Washington comes faster than it did during the crisis”….

Read the full article here on Bloomberg!