In this article we analyse the history of the world’s share market crashes, investigating the circumstances that led to each downturn, and the lessons that can be learnt for today’s investors.
Just as night follows day, it seems part of the regular cycle of the world’s share markets that downturns and falling prices follow good times and rising prices.
The impact of the COVID-19 Global Pandemic was typical of such downturns, prompting a 35 per cent sell off in world share markets and a dramatic fall in economic activity. Tourism and hospitality industries, in particular, were brought to their knees by sudden and prolonged closures.
For many, it has prompted memories of other equally, and sometimes more devastating, downturns in the world’s share markets.
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