Business Insider: "The 2020 stock market looks just like 2009"

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Business Insider: "The 2020 stock market looks just like 2009"

Excerpt from Business Insider quoting DataTrek Research:

…. “The S&P 500’s recent rally from its March 23 low is closely tracking the bottom and subsequent rally that the S&P 500 experienced back in 2009 amid the financial crisis, according to an analysis by DataTrek.

If the S&P 500 continues to closely track the index’s movements made in 2009, investors should expect the S&P 500 to cruise 14% from current levels to all-time highs by the end of the year.

“The rest of 2009 was still good, with a 17% rally from late July through year end. If history repeats itself that would put the S&P at 3,588 on December 31st,” DataTrek said”….

Read the full article here on Business Insider.