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VIX at 76 Means Two More Weeks of Pain Going by 2008 Playbook

  • DataTrek’s Colas sees potential for another 25% S&P 500 plunge
  • Equities mired in one of the most volatile stretches on record
A monitor displays stock market information on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 12, 2020. The rout in global stocks deepened as investors showed a lack of faith in the U.S. and European policy responses to the worsening spread of the coronavirus. The dollar surged.
Photographer: Michael Nagle/Bloomberg

With trillions lost and volatility everywhere, U.S. stocks are tracing a path disturbingly close to the 2008 playbook. If the pattern continues, it may mean two more weeks of pain to come.

The S&P is likely headed toward 2,000 over the next 14 days, according to Nicholas Colas, co-founder of DataTrek Research, unless fiscal stimulus from Washington comes faster than it did during the crisis.