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Not really true. The COVID crash was the fastest crash in modern history, playing out from peak to trough in about three weeks. But even so, you’d have had mult
by dkrich 5y ago
Not really true. The COVID crash was the fastest crash in modern history, playing out from peak to trough in about three weeks. But even so, you’d have had multiple sessions to get out before the worst hit but denial was strong.
The 1987 crash played out over about six weeks. The dot com bubble burst over the better part of a year. 1929 was about ten weeks from peak to the absolute bottom. But when the selling begins denial takes hold and everyone believes it’s an amazing buying opportunity. Most every crash has begun gradually then accelerated towards the end.
- zz865 5y agoThe Nikkei crash was 14 years top to bottom and still hasn't recovered. The UK FTSE100 and French CAC40 are around the same level as dotcom boom 21 years ago https://finance.yahoo.com/quote/%5EN225?p=^N225 https://finance.yahoo.com/quote/%5EN225?p=^N225 https://finance.yahoo.com/quote/%5EFCHI?p=%5EFCHI https://finance.yahoo.com/quote/%5EFCHI?p=%5EFCHI https://finance.yahoo.com/quote/%5EFTSE?p=%5EFTSE https://finance.yahoo.com/quote/%5EFTSE?p=%5EFTSE
- dkrich 5y agoI’m talking about the crash phase