Recovery will not be V shaped


The Broad Market Index was down 14.98% last week and 44% of stocksout-performed the index. Capital markets are performing well as the tools, laws and procedures introduced during the financial crisis are providing liquidity and allowing markets to clear. During the 2008 financial crisis it was a sharp drop in liquidity (cash-to-trade) that caused markets to stop functioning and securities could not be sold at any price. However, we witnessed a V shaped recovery in 2009 for several reasons.Q4 2019 hedge fund letters, conferences and moreWe May Not See A 2008 like V Shaped RecoveryThat threatene…

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