Who Is Right: Stocks Point To A Half-Recession; Oil Screams A Global Depression
by Tyler Durden
ZeroHedge.com
01/21/2016
According to stocks, a half-recession is precisely where the US was as of roughly noon yesterday, when the S&P touched an intraday low of 1812. This represents a 15% drop from the all time high close of 2,131 last summer. It also represents half the post-World War II average peak to trough decline around recession, which amounts to roughly 30%.
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