lukestein’s avatarlukestein’s Twitter Archive—№ 17,007

  1. Lunchtime chat w @LinghangZeng. In spirit of what our MSF students are learning to code, here’s max drawdown following every 10% S&P 500 correction back to 1980 Six hit a new high before dropping 15% Another six fell >25% Only three turned around at 15–25% (all v. close to 20%)
    oh my god twitter doesn’t include alt text from images in their API
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    1. …in reply to @lukestein
      @LinghangZeng Quick and dirty: Trading days from first entering “correction” territory (don't like that term, but 🤷) until hitting max drawdown, n=15 - 20% turn around the next day - 40% turn around two weeks – two months - 27% five months – one year - 13% more than a year
      oh my god twitter doesn’t include alt text from images in their API
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      1. …in reply to @lukestein
        @LinghangZeng Sadly also apropos: x.com/modestproposal1/status/1899917941056950732
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