Is Covid-19 crash the worst drawdown ever?

15/09/202015/09/2020 Deni Memic financialmarkets, sp500, stocks

How the stock market is being hit by COVID-19? How the current stock market collapse compares with others in history?

Black Tuesday 1929 (-86%), Nixon Shock 1973 (-48%), Dot Com Bubble 2000 (-49%), Global Fin Crisis 2007 (-57%), all beat Covid-19 2020 (-34%).

Deni Memic

Academic Program Chair Finance at Higher Colleges of Technology – UAE

Deni Memic

Academic Program Chair Finance at Higher Colleges of Technology - UAE

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Finance Watch
EBA

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The European Banking Authority (EBA) published today a Discussion Paper on its preliminary observations on selected payment fraud data under the Payment Services Directive (PSD2), as reported by the industry for the years 2019 and 2020. This Paper presents the main findings related to three payment instruments: credit transfers, card-based payments and cash withdrawals and also outlines other patterns that appear to be inconclusive and that would benefit from comments and views from market stakeholders. The responses to the questions raised in the Discussion Paper will support the EBA, the European Central Bank (ECB) and national authorities in interpreting the… [...]

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Following the uncertainty over COVID-19 developments, the European Banking Authority (EBA) confirms the need to continue monitoring exposures and the credit quality of loans benefitting from various public support measures. To facilitate such monitoring, the Guidelines on the reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis continue to apply until further notice. [...]

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Deni Memic

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