The Fastest Bear Market Ever
The historic volatility continues, with the Dow Jones Industrial Average officially setting its fastest move from a new all-time high to a bear market (down 20% from the highs) in the 124-year history of the index. It took only 19 days for this to take place, which is far and away the new record.
Not to be outdone, the S&P 500 Index is set to close down 20% from all-time highs today, doing this in only 16 days. Again, as of the time we are writing this blog, the S&P 500 is in bear market territory, but there always could be a chance for a late-day rally.
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