In a dataset dating back to 1928, returns of -4% or worse for the S&P 500 have only occurred 146 times. Since the end of World War II, we have only seen 51 days this weak in 75 years. Down 4% days are rare, and they tend to cluster in economic recessions.
Putting together the cumulative weak days on Monday, Tuesday, and Thursday and we are entering historic territory. The S&P 500 has shed 10.7% over these past four trading sessions.
. We have not had a four day selloff this bad since the financial crisis in 2008. (-17.2% in four days ending October 9th, 2008)
. Before that, we had not experienced as bad of a 4 day stretch since July 2002 when the announcement of accounting regularities at Worldcom spooked a market already grappling with the tech bubble deflation and post-9/11 uncertainty. (-11.96% in four days ending July 23, 2002)
. Before the 2002 sell-off, it was the worst four day period since August 1998 when global assets were frightened by the prospect of a Russian debt default. (-12.41% ending August 31, 1998)
. Prior to 1998, you have to go back to the historic 1987 market sell-off. (-28.5% ending October 19th, 1987)
. Before 1987, you have to go back a quarter-century to the Kennedy Slide of 1962. (-10.97% ending May 28, 1962)
. Prior to that sell-off, you have to go back to May 1940, which an astute reader recently pointed out was the German blitzkreig into France (-15.1% through May 14, 1940)
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该帖荣获当日十大第7，奖励楼主6分以及9华新币，时间：2020-03-01 22:00:07。
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该帖荣获当日十大第8，奖励楼主4分以及6华新币，时间：2020-03-06 22:00:08。
