Yahoo Finance: "'So far this is exactly October 2008': veteran hedge funder"

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Yahoo Finance: "'So far this is exactly October 2008': veteran hedge funder"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

…. “So far this is exactly October 2008,” Nicholas Colas, former hedge-funder and author of Datatrek’s newsletter, wrote Thursday morning. 

Colas has been drawing parallels from the end of September and October 2008 to the present day, noting a similar shape on the stock market charts: a 9% loss, a 5% gain, and two more plunges in rapid succession.

As he wrote on Tuesday, this situation means he’s recommending “the 2008 Financial Crisis playbook”….

Read the full article here on Yahoo Finance!