The Great Crash came in two phases
Pointing to the precedent of the 1929/30 crash, some pundits believe that we are in a kind of a delusional pause, with the worst still to come.
The Great Crash came in two phases - an initial sell-off, followed by a sharp rebound, in which still stuck in the old mentality investors like lambs to the slaughter piled back in, and then a second almighty 80pc plunge into the abyss.
The worry is that the same pattern will repeat itself.
Jeremy Warner and Ambrose Evans-Pritchard 28 April 2020
The Great Crash came in two phases - an initial sell-off, followed by a sharp rebound, in which still stuck in the old mentality investors like lambs to the slaughter piled back in, and then a second almighty 80pc plunge into the abyss.
The worry is that the same pattern will repeat itself.
Jeremy Warner and Ambrose Evans-Pritchard 28 April 2020
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