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by elija_snow
- In 100+ years data: Such depressed earnings’ yields have always led to very significant market meltdowns.
- Great Depression.
- 1937-8 Recession.
- Tech Bust.
- Average return for the subsequent 3 yrs being close to -53%. Thinking the Fed can sustainably taper here is just nonsense.
In 100+ years data:
Such depressed earnings’ yields have always led to very significant market meltdowns.
Great Depression.
1937-8 Recession.
Tech Bust.Average return for the subsequent 3 yrs being close to -53%.
Thinking the Fed can sustainably taper here is just nonsense. pic.twitter.com/HRXmC2xWy3
— Otavio (Tavi) Costa (@TaviCosta) August 29, 2021