/biz/ - Business & Finance

>>17195654
See the problem with the kind of bear constantly expecting The Big One™, and 'only The Big One™ counts' is they ignore the several significant retracements the index did since 2009, probably because they're looking at the monthly charts and zooming way the hell out.

Four double digit drops since 2009 have occurred on the S&P. These bearish periods have a tendency to drive buying well beyond their initial recovery. They also soften fed policy and keep interest rates low. Spring 2015 through February 2016 saw no uptrend trend on the S&P at all. That is a year of flat ranging with a drop at the end for extra spook factor.

You are not going to get another 2008 until there is a new major problem with the US economy. Corona virus is nothing in this macro point of view.