Ben Felix | Bear Markets: This Time is Different (Every Time) @BenFelixCSI | Uploaded April 2020 | Updated October 2024, 6 hours ago.
Bear markets are generally defined as a peak to trough decline of at least 20% in the stock market. Bear markets are not fun to live through, but they should be expected from time to time. Uncertainty about the future drives asset prices down, and it usually feels like things will get worse before they get better.
Referenced in this video:
- Real Shock, Monetary Aftershocks: The San Francisco Earthquake and the Panic of 1907: https://www.econstor.eu/bitstream/10419/94590/1/2001-07.pdf
- The Panic of 1907: federalreservehistory.org/essays/panic_of_1907
- Stock-Market Crashes and Recessions: nber.org/papers/w14760.pdf
- U.S. Stock Market Crashes and their Aftermath: Implications for Monetary Policy: nber.org/papers/w8992.pdf
- Japan’s Financial Crisis and Economic Stagnation: pubs.aeaweb.org/doi/pdfplus/10.1257/089533004773563412
- “Lost Decade” in Translation: What Japan’s Crisis could Portend about Recovery from the Great Recession: imf.org/external/pubs/ft/wp/2009/wp09282.pdf
- Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu: papers.ssrn.com/sol3/papers.cfm?abstract_id=3561560
- Judgment under Uncertainty: Heuristics and Biases: www2.psych.ubc.ca/~schaller/Psyc590Readings/TverskyKahneman1974.pdf
- Myopic Loss Aversion and the Equity Premium Puzzle: nber.org/papers/w4369.pdf
- The 5 Largest Economies In The World And Their Growth In 2020: nasdaq.com/articles/the-5-largest-economies-in-the-world-and-their-growth-in-2020-2020-01-22
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------------------
Bear markets are generally defined as a peak to trough decline of at least 20% in the stock market. Bear markets are not fun to live through, but they should be expected from time to time. Uncertainty about the future drives asset prices down, and it usually feels like things will get worse before they get better.
Referenced in this video:
- Real Shock, Monetary Aftershocks: The San Francisco Earthquake and the Panic of 1907: https://www.econstor.eu/bitstream/10419/94590/1/2001-07.pdf
- The Panic of 1907: federalreservehistory.org/essays/panic_of_1907
- Stock-Market Crashes and Recessions: nber.org/papers/w14760.pdf
- U.S. Stock Market Crashes and their Aftermath: Implications for Monetary Policy: nber.org/papers/w8992.pdf
- Japan’s Financial Crisis and Economic Stagnation: pubs.aeaweb.org/doi/pdfplus/10.1257/089533004773563412
- “Lost Decade” in Translation: What Japan’s Crisis could Portend about Recovery from the Great Recession: imf.org/external/pubs/ft/wp/2009/wp09282.pdf
- Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu: papers.ssrn.com/sol3/papers.cfm?abstract_id=3561560
- Judgment under Uncertainty: Heuristics and Biases: www2.psych.ubc.ca/~schaller/Psyc590Readings/TverskyKahneman1974.pdf
- Myopic Loss Aversion and the Equity Premium Puzzle: nber.org/papers/w4369.pdf
- The 5 Largest Economies In The World And Their Growth In 2020: nasdaq.com/articles/the-5-largest-economies-in-the-world-and-their-growth-in-2020-2020-01-22
------------------
Follow Ben Felix on
- Twitter: twitter.com/benjaminwfelix
- LinkedIn: linkedin.com/in/benjaminwfelix
Visit Rational Reminder: https://www.https://rationalreminder.ca/
Follow the Rational Reminder on:
- Twitter: twitter.com/RationalRemind
Visit PWL Capital: pwlcapital.com/teams/passmore-felix
Follow PWL Capital on:
- Twitter: twitter.com/PWLCapital
- Facebook: facebook.com/PWLCapital
- LinkedIn: linkedin.com/company/pwl-capital
You can find the Rational Reminder podcast on
Google Podcasts:
google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz
Apple Podcasts:
itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
Spotify Podcasts:
open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA
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