These Economic Indicators Portend a Stock Market Crash
Regardless of whether you've been investing for decades or you purchased your first stock this year, 2020 will almost certainly go down in the history books for its craziness and unpredictability.
Due to the uncertainty caused by the coronavirus disease 2019 (COVID-19) pandemic, the first quarter of 2020 witnessed the quickest bear market crash in history. All told, the benchmark S&P 500 (SNPINDEX: ^GSPC) shed 34% of its value in just 33 calendar days. For some context here, previous bear-market corrections have taken approximately 11 months to reach a decline of 30%. The coronavirus correction did it in less than five weeks.
Then there was the second quarter, which brought about the strongest rally investors have witnessed in 22 years. The broad-based S&P 500 is now back up for the year, with the tech-heavy Nasdaq Composite having logged more than two dozen record-closing highs since the March bottom.
Source Fool.com
