Barron’s: “This Week’s Stock Market Selloff Looks a Lot Like 2008. Here’s What Could Happen Next.”By admin_45 in IN THE NEWS
Excerpt from Barron's quoting DataTrek's Nick Colas:
.... "The stock market’s latest selloff triggered by coronavirus fears looks eerily familiar. The S&P 500 has been tracking a very similar course to what it did in late September and early October 2008 at the beginning of the financial crisis, according to Nicholas Colas, co-founder of DataTrek Research.
March 2020 is so far “reliving 2008 in virtual lockstep,” he wrote in a Thursday note to clients"....
Read the full article here on Barron's!