Familiar Territory
Everything has changed, but nothing seems different. The S&P 500 currently displays structural characteristics resembling the market in August 2007, May 2010 & August 2011. If memory serves me correct, those months were marked by an unraveling housing market, the flash crash, and a European debt crisis. Perhaps something more substantial than Ebol-ISIS-ocalypse has infected the markets, skyrocketing treasuries and…