Today, let’s delve into a little market history and create a template for what we might be facing over the intermediate term.
Between 1932 and 1933, after losing 85% between the October 1929 top and May 1932 bottom, the S&P rallied more than 100% over the next 12 months. By comparison, we just experienced history’s second greatest rebound from a major low, with the S&P jumping 103% in 16 months.
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