I think this post is giving the stock market too much credit.
I’d date the start of the stock market fall as February 24 rather than February 20. The S&P close on Feb 20 & Feb 21 was roughly the same as it had been over the previous couple weeks, and higher than the close on Feb 7, 5, 4, or 3. The first notable dip happened on February 24th; that was the first day that set a low for the month of Feb 2020 (and Feb 25 was the first day that set a low for calendar year 2020).
Also, that was just the start of the crash. The stock market continued falling sharply and erratically for a couple more weeks, and didn’t get within 10% of its current level until March 12th (2.5 weeks after it started its fall on Feb 24).
I think this post is giving the stock market too much credit.
I’d date the start of the stock market fall as February 24 rather than February 20. The S&P close on Feb 20 & Feb 21 was roughly the same as it had been over the previous couple weeks, and higher than the close on Feb 7, 5, 4, or 3. The first notable dip happened on February 24th; that was the first day that set a low for the month of Feb 2020 (and Feb 25 was the first day that set a low for calendar year 2020).
Also, that was just the start of the crash. The stock market continued falling sharply and erratically for a couple more weeks, and didn’t get within 10% of its current level until March 12th (2.5 weeks after it started its fall on Feb 24).