Time To Buy The Coronavirus Stock Market
Summary
I analyzed S&P 500 trading data over the past 90 years and compared how this correction compares to others.
. This is the fastest correction in the data group, hitting the 10% technical correction threshold within six trading days.
Trading volumes are exceptionally high, exceeded only by those in the November 2018 and 2008 corrections.
I downloaded S&P 500 trading data from the beginning of 1928 through to today. Over that time period, I identified 24 episodes in which the S&P 500 entered correction territory, as defined by a fall of 10% or more from a recent high. Within those correction episodes, there were times were the index would enter correction, reach an initial low, climb somewhat, and then fall by 10% or more again. This added another 47 episodes to my data set
https://seekingalpha.com/article/4330242-time-to-buy-coronavirus-stock-market