This time is really different, so stay prudent
It is the first instance in peacetime that we've observed of a simultaneous disruption in the supply chain and the demand chain
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DOES market history offer any parallels to today's novel coronavirus crisis?
Market action in recent weeks has been reminiscent of the global financial crisis (GFC) of 2007-2009, the crash of 1987, and, for those with a long memory, the crash of 1929, which wouldn't have been so disastrous if it had not been followed by the crashes of 1930, 1931, and 1932.
What can we learn about the present from this history? What, if anything, does the current meltdown have in common with those of the past, and what's different this time?
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