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Market Experts Say the Coronavirus Selloff Is ‘Worse Than Anything We’ve Seen Since 1929.’ Here’s How Bad It Could Get.
To many, if not most, investors, stocks’ brutal coronavirus-spurred selloff has defied fundamental analysis. After all, what good are traditional valuation metrics, such as price-to-earnings and price-to-sales ratios, when revenue and earnings estimates are thrown out the window as business activity comes to a halt? If those who focus on fundamentals to determine an asset’s fair value are rightly befuddled, technical analysts, who aim to gauge the direction of prices by focusing on historical price trends, buying and selling volume, and other statistical indicators, think they might have an edge.
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