Investors haven’t seen a stock market sell-off like the one they’re seeing this week since 2008. According to DataTrek Research co-founder Nicholas Colas, the 2008 market drop started off almost exactly like things have played out on Wall Street this week.
On Thursday, Colas drew a direct comparison between this week’s extreme market volatility and the volatility that started on Sept. 29, 2008. Colas said that date was the day the financial crisis sell-off transitioned from “worried” to “frantic,” sending the S&P 500 down…Click for full article.
