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"Ten Plagues and Four Questions: A Coronavirus Passover" Bloomberg Newsletter by John Authers

08 April 2020

John Authers mentions Longview Economics' research regarding the typical price pattern of major pullbacks...

We are following that road map very closely — and back in 2008 there would be two new downdrafts, and two new lows, before the U.S. stock market bottomed for good in March 2009. This isn’t peculiar to Lehman. The following chart from Chris Watling of Longview Economics in London throws in the market’s behavior from the Great Crash of October 1929 and Black Monday in October 1987. The patterns are startlingly similar...

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