I am more worried about an unemployment spike. How can business not start laying off tens of thousands of workers if travel and entertainment, sporting, remains shut down?
Thank you, folks.
1987 recovery peak-to-peak was about 20 months. Makes me sad.
I am more worried about an unemployment spike. How can business not start laying off tens of thousands of workers if travel and entertainment, sporting, remains shut down?
I remember the October 1987 crash well. DW had come down with pneumonia and we had a 3 year old boy. It was nerve wracking.
I created this chart to show me how the current crash compares to then. The current crash was on us much more rapidly probably because the cause is very different.
This chart starts from the peak of the SP500 in August 1987. The red line is the current market as of 3/12/2020 and the time line just shows the 1987 period. The chart extends out to about 1 year from the peak.
I might update this over time and display if there is interest.
I am more worried about an unemployment spike. How can business not start laying off tens of thousands of workers if travel and entertainment, sporting, remains shut down?
I've seen at least 10 comments on twitter yesterday that they already got laid off.
Norwegian airlines just laid off 50% of employees after Trump announced the travel ban.
Interesting. Could you post your start date for each, or did I miss that?
+2Yes, I always love your charts Lsbcal.
We know that PE10 is not predictive of the short term.
Backing up to show some more years. Here is a longer term view. Note semilog plot here. In 1932 things got so bad stocks were off -83% (red numbers).
Which color line are we on now?
The Great Depression chart is striking. I never knew it went down 83%