Is A Recession Coming? Or Will We Party Like It's 1999? [Forbes]
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Source: Forbes
Is A Recession Coming? Or Will We Party Like It's 1999? Is a recession coming? History can be a good guide. Examining the signals from the late 1990s and early 2000s, when a recession hit, can help investors evaluate the many similarities – and differences – between then and now. There are many parallels between today and late 1998: a 19% stock market correction, quick recovery and a brief inversion of the yield curve. The 1998 pullback proved to be a great buying opportunity, as the economy and markets marched higher into the new decade. In 1999, investors were partying. Then came a recession, in the early 2000s, as the dot-com bubble suddenly burst. Today’s market lacks the overvaluation and cyclical excesses of those times. Equities hit all-time highs again in April, with stocks making up all their lost ground from the 19.8% drawdown in late 2018. Yet the large magnitude of this non-recessionary correction, and its swift rebound, is a reminder of the market hiccups during the summe
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