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September US Stock Market Sell-Off Explained: Is The US Stock Market Heading Towards a Crash?
By Seedly  •  September 7, 2020
The market can stay irrational longer than you can stay solvent.” —John Maynard Keynes Source: Vision In other words, what influential economist and successful investor John Maynard Keynes is saying is that you may be correct that a market or sector is overvalued but wrong on the timing when it comes to investing. And, timing the market is a fool’s errand, as no one can truly know the stock market’s peak or trough. In terms of timing, 2020 has been a crazy year for the US stock markets. The combination of events like the oil shock and worsening of the COVID-19 crisis that broke out earlier this year, sent the S&P 500 index falling about 34 per cent from 19 February to 23 March 2020 (~5 weeks). This COVID-19 crash and bear market did not last long as the recovery came fast and furious. The S&P 500 then wen on a bull-run, taking about just six months to recover to its February peak this year....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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