Wall Street Fears Market Fragility in $23 Trillion Stock Frenzy
- Crowded trades and liquidity risk making markets fragile: BofA
- Extreme price gyrations have become more common since 2008
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It’s not your imagination: Stock markets are lurching from meltdown to melt-up like never before.
After one of the swiftest corrections in history, the S&P 500 is now back within a spitting distance of pre-crisis levels. Likewise the February 2018 crash was followed by a swift resurgence, while the late December swoon that year was a mere memory the following April.