Should we prepare for a Steep decline in the Stock Market?

2개월 전

My fellow Steemians,

If past is prologue, the stock markets could be in for a serieus drop.

In the chart from Nautilus Investment research you can see the comparison of the current price of the SPX in comparison with 2000 and 2008.

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In 2000 and 2008, the SPX touched the 0.618 Fibonacci retracement, before resuming a substantial downtrend.

It looks like we are in a similar situation right now in 2020.

So should we prepare for a price drop in the stock market?

I think so!

Thank you for reading!

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