We didn’t want last week to go by without marking it part of our history with a post. Last week represented the largest correction in the market since the financial crisis of 2008. We have been riding high this past decade seeing record after record broke in the market and it seems it may be at an end.
There is no one set way to measure a retracement versus a crash but many will agree that anything over 10% is a pullback while over 20% is a sign of pending doom and a bear market. Only time will tell but as of 3/2/2020 the market has recovered about 2% from last weeks loss. We have never traded in volatility of this kind and it’s very exciting. Lets look at the numbers for last week.
The US Market lost 3.6 Trillion in value
The DOW fell 12.4% and 3,583 points
S&P 500 fell 11.5%
NASDAQ fell 10%