Finance & Fury Podcast

The share market in March! Comparing now to 2008 and 2009 and which one we are closest to?

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Sinopsis

Welcome to Finance and Fury - Where are we at? Market has been going up - Looking at a chart – March in 3 particular years stand out – 2008, 2009 and 2020 – Why? They are each their own respective bottoms of the market after declines – In this episode - March 2008, March 2009 and march 2020 – are we sitting at a similar position as 2008 or 2009? Share market gone up from its March 23rd low – some analysts are seeing similarities with the massive rebound that took place when the markets were emerging from the financial crisis 11 years ago Some market analysists saying that the ‘flattening of the curve’ in terms of COVID-19 and states slowly re-opening are all helping the market look beyond the current quarter Signs that the market is looking to ahead - 6 months, 12 months out – Or is it short term profit seeking behaviours? By the market in speculation terms is myopic – so are traders buying long or seeing this as a short term profit maximisation strategy? There has never been a significant portion of the