-20% is generally enough for a non-recessionary bear/correction.
In a recession forward earnings can be revised down 30%-40% easily
so that will make the decline a lot larger.
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ECRI
Posted by kevindeng0727 on 26th of May 2022 at 07:10 pm
Opinion from ECRI: https://www.cnn.com/2022/05/26/perspectives/recession-gdp-fed-inflation/index.html?utm_source=optzlynewmarketribbon
"It's time to prepare for a recession"
-20% is generally enough for a non-recessionary bear/correction. In a recession forward earnings can be revised down 30%-40% easily so that will make the decline a lot larger.