Bottom of the stock market is in… If history repeats – #stocks chatter

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Bottom of the stock market is in... If history repeats
On October 11, 1990, the Dow bottomed out and one of the most extraordinary bull markets in world history.

The stock market declines in 1990 were widely viewed as a consequence of soaring oil prices, Iraq’s invasion of Kuwait, rising interest rates, and economic uncertainty.

Sound familiar?

1990 saw a peak-to-trough drawdown that was just shy of 20% (19.8% to be precise). 20% is usually seen as the benchmark for a bear market.

Right now, in October of the 2022 bear market, the Dow Jones is down around 19.5% peak-to-trough.
https://www.asiamarkets.com/bottom-of-the-stock-market-is-in-if-history-repeats/

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