Uncle8888,Someone also asked this question of the Dow in March 2009, and he constructed a "confidence curve".From the current Dow's recent peak-to-trough of -37% and bounce of +27% .... it is still within 95% confidence interval of being a Dead Cat. 🔪🙀🪓The next question is if this is a dead cat, then how much lower is the next low compared to the March 2020 low??For GFC, it was -13%.
Let see the next few days of market direction. May be also unprecedented. :-)
Uncle8888,
ReplyDeleteSomeone also asked this question of the Dow in March 2009, and he constructed a "confidence curve".
From the current Dow's recent peak-to-trough of -37% and bounce of +27% .... it is still within 95% confidence interval of being a Dead Cat. 🔪🙀🪓
The next question is if this is a dead cat, then how much lower is the next low compared to the March 2020 low??
For GFC, it was -13%.
Let see the next few days of market direction. May be also unprecedented. :-)
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