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When will financial markets hit bottom: The past may not hold any clues

By Gretchen Morgenson

The coronavirus has ripped United States financial markets from their moorings. Even veteran investors say they’ve never seen the turbulence across all markets that we have experienced in recent days, making it extremely difficult to use the past to predict what will happen next or tell people how to protect their retirement income. In one important way, U.S. companies were actually in better shape on the cusp of the Great Depression than many are now.”…

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