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Why the stock market was ready for the Spanish Flu but not Covid – Wall Street Journal
When Covid-19 hit, investors tried to find lessons in the Spanish flu pandemic. Economic uncertainty has been far higher this time - but why?
When Covid-19 hit, investors tried to find lessons in the Spanish flu pandemic as a way to predict how the markets would fare. However, several factors put Covid-19 on its own scary page in history. Stock markets all over the globe actually boomed during the Spanish flu because the economy remained open and uninhibited. As World War I claimed thousands of lives daily, the number of people dying from the flu was just a drop in the ocean. Economic uncertainty is far greater this time and the casualties of Covid-related restrictions may be more devastating than the virus itself, especially if economies do not recover. – Claire Badenhorst
The stock market barely faltered in the 1918-20 pandemic. Is history repeating itself?
By Mark Hulbert
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