It’s way too early to compare this market turmoil to 1987 crash

WHILE THE NUMBERS ARE LARGE, the recent drops in equities prices pale on a percentage basis in comparison to those seen prior to the Crash of 1987, when the stock market fell 20 percent in one day.
WHILE THE NUMBERS ARE LARGE, the recent drops in equities prices pale on a percentage basis in comparison to those seen prior to the Crash of 1987, when the stock market fell 20 percent in one day.
NEW YORK – There’s new leadership at the Fed, and stocks are buckling amid losses in bonds. But that’s about as far as anyone should take comparisons between today’s markets and those before the Crash of 1987, says Jeff deGraaf, a widely followed U.S. technical analyst. From price momentum and breadth to the way bank…

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