Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer
Marchello Holditch, CFA, Vice-President and Portfolio Manager CI Multi-Asset Management
Generally, stock markets fall dramatically for two reasons: 1) new capital has run dry following excessive speculation; and 2) natural disasters. Both greed and nature are unavoidable.
Following this template, I am highlighting three incidents in recent history to demonstrate how and why markets reacted as they did, before outlining our expectations for the current COVID-19 (coronavirus) pandemic.
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