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COVID-19 Economic Impact Similar To BP Oil Spill In 2010, Says Analyst

真知卓见18:52, April 28, 2020
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When trying to compare the COVID-19 with previous disasters or crashes, the closest comparison we can find is that of the oil spill on the BP platform in the Gulf of Mexico in April 2010. In both cases the scale of the disaster was unclear for a long time. In addition to that, the S&P index fluctuated wildly with many local minima that could have been mistaken for the bottom. It is likely that many investors miscalculated and purchased as many assets as possible during that false bottom before the real one was reached.

With the oil spill, the crash did not happen until May 2010, and lasted until early June with several brief recoveries. By the end of the crash the index fell by 17 per cent. The index began to recover in earnest afterwards, even though the oil spill itself continued until September.

Read the full article on Urdupoint.

本文提供给您仅供信息参考之用,不应被视为认购或销售此处提及任何投资或相关服务的优惠招揽或游说。金融工具交易存在重大亏损风险,未必适合所有投资者。过往表现并非未来业绩的可靠指标。

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