People walk past a stock market indicator board in Tokyo on April 27. Tokyo stocks rose sharply after the Bank of Japan unveiled new stimulus measures to counter the impact of the coronavirus pandemic. Photo: EPA-EFE People walk past a stock market indicator board in Tokyo on April 27. Tokyo stocks rose sharply after the Bank of Japan unveiled new stimulus measures to counter the impact of the coronavirus pandemic. Photo: EPA-EFE
People walk past a stock market indicator board in Tokyo on April 27. Tokyo stocks rose sharply after the Bank of Japan unveiled new stimulus measures to counter the impact of the coronavirus pandemic. Photo: EPA-EFE
Richard Harris
Opinion

Opinion

The View by Richard Harris

Investors have not seen the back of the Covid-19 market crash, if history is any guide

  • The rebound in stocks may seem reassuring, but a look at the biggest bear markets of the past century warns of the likelihood of a ‘post-crash crash’. Given the extent of the contractions all round, it may be prudent to hold out for another market fall

People walk past a stock market indicator board in Tokyo on April 27. Tokyo stocks rose sharply after the Bank of Japan unveiled new stimulus measures to counter the impact of the coronavirus pandemic. Photo: EPA-EFE People walk past a stock market indicator board in Tokyo on April 27. Tokyo stocks rose sharply after the Bank of Japan unveiled new stimulus measures to counter the impact of the coronavirus pandemic. Photo: EPA-EFE
People walk past a stock market indicator board in Tokyo on April 27. Tokyo stocks rose sharply after the Bank of Japan unveiled new stimulus measures to counter the impact of the coronavirus pandemic. Photo: EPA-EFE
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