So the good news is that historically, the market will not drop 57%? Or will this be the new record maker, and drop it 96%? (And if so, would that be a good place to short it?)
You ain't seen nothing yet. Wait until the anti-vaxxers (remember them?) all start coming back from under their rocks, and demand that vaccine research be halted "for the sake of the children".
The title pre disposes that it was a bubble and not a catastrophic economic event that caused the crash.
I ain't so sure if the above graph is entirely accurate. NQ (Nasdaq futures) fell 83% in 2000 from the top to bottom before recovering.
But that was simply because of the fed, who could and did reverse a policy the market did not like, and economic indicators were still pointing north! Now the Fed has shot it's load and can do nothing more but TURN THOSE MACHINES BACK ON!
Wow, funny how quick they want the bear market to come and go, if people weren't so fearful of what a normal market was all about, without propping it up for a decade maybe we wouldn't have had such a waterfall collapse that absolutely no one saw coming. And what's really hilarious is when the talking heads say after the fact that markets are down 26% that markets were a bit "frothy" and "overextended" but back at dow 29,000 they said stocks had plenty of upside left, That more multiple trillion dollar companies would be popping up and that since it was an election year stocks were guaranteed huge returns. Now with retirement accounts annihilated and recession coming stocks are going anywhere for years...