ThinkAdvisor: “We Need Broad Fiscal Stimulus, Right Now: Strategists”By admin_45 in IN THE NEWS
ThinkAdvisor quoting DataTrek's Nick Colas:
.... "The S&P 500 is running the 2008 Financial Crisis playbook at an accelerated pace,” said Nicholas Colas, co-founder of DataTrek Research, in a recent market note. “In 2008 it took 19 trading sessions to go from the first 5% drawdown day on the S&P 500 (our definition of a “crash”) on September 29th to a +75 VIX reading. This time around it only took three days, from March 9th (down 7.6%) to a +75 VIX at Thursday’s close"....
Read the full article here on ThinkAdvisor!