Get Ready: 10 Reasons a Second Stock Market Crash Is Coming
There's little question that when 2020 comes to a close, investors will not soon forget it.
For a nearly five-week period, beginning Feb. 19, panic and a record amount of fear regarding the coronavirus disease 2019 (COVID-19) pandemic sent the broad-based S&P 500 (SNPINDEX: ^GSPC) to its quickest bear market descent in history. Before it was over, the benchmark index had shed 34% of its value.
Over the subsequent 11 weeks following the March 23 bottom, the S&P 500 bounced more than 40% off of its lows and got within sight of an all-time high. In fact, the technology-heavy Nasdaq Composite did hit a record high of more than 10,000. All of this was accomplished as the unemployment rate hit levels not seen since the Great Depression, nine decades earlier.
Source Fool.com
