Bear Markets: The Stock Market's Version of Black Friday Sales
So, the year 2020 begins and things are a little strange (Trump is still president, some are still denying climate change, Brexit & Megxit, etc.) but global markets are doing well. Markets are actually doing very well... maybe even a little too well. I mean the growth, at times, unexplainable ! So everyone is thinking, "a correction must be coming soon right?". Just one problem, everyone has been thinking that for the last 5-6 years. Then all of a sudden, a crisis arises and the markets start tanking but this time it's not due to inefficiencies within the financial sector. This time a coronavirus know as Covid-19, that is spreading posthaste, is causing an exogenous crisis to global markets. This 'Black Swan' event has taken the world as its own personal pond and with it the nerve of all human inhabitants. This has resulted in the global stock market seeing some of its worst days since 1987's Black Monday. With the market having more mood