Market Chaos Review
Meb has some great analytics and perspective on the recent turmoil in the markets:
Meb’s post inspired me to churn out some quick research.
First, the monthlies on the SP 500–lots of 15-20% blowouts.
Next, the drawdowns. There is nowhere to hide–even 5-year holding periods could leave you a$$ed out!
How about stress-events in the past? Well, the recent market blow-up is a dandy, but not extraordinary by any means. The October ’87 Crash still seems to maintain the trophy for “biggest market explosion in the shortest amount of time.”
A few folks have asked me for my two-cents on the recent market turmoil and the politics of the day. Here is all I have to say:
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Definitions of common statistics used in our analysis are available here (towards the bottom)