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IPFS News Link • Economy - Recession-Depression

Traders React To The Death Of The Longest Bull Market In History

• Zero Hedge - Tyler Durden

In fact, the 19-day collapse is the fastest peak-to-bear-market crash in the history of the stock market.

Asset-gatherers, commission-rakers, strategists, analysts, talking heads, and freshly minted gurus (well it always goes up right?) are out en masse to lament the death of the bull (and of course to look for the next dip-buying opportunity): (via Bloomberg)

Quincy Krosby, chief market strategist at Prudential Financial Inc., where she started working in 2009. Prior to that, she was with Hartford Financial Services Group Inc.:

"Did I see it coming this far? No. Throughout the past 11 years, the market has had a lot of dips, and always the Federal Reserve came to the rescue. There were 5% dips, there were 10% drops, and then there were periods where the dips were bigger. Right now, the Fed is not enough, central bank action is not enough. There is a pyramid of uncertainty right now. It's a man-versus-virus story, but that's not the only concern."


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