Financial Survival Network, Released on 4/8/20
Global markets have rebounded from the massive crash that took place over the past weeks. Is it a genuine recovery or just a major SnapBack rally? Danielle, reviewing market history, believes it’s latter and not the former. We’ve seen these rebound rallies many times before and they generally peter out after around a 50 percent retracement. Let’s see if this one really is different. Perhaps with the imminent of the coronavirus pandemic, things will go back to some semblance of normal, but don’t count on it.
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an international securities firm. A Chartered Financial Analyst (CFA), she now helps to manage millions for some of North America’s wealthiest families as a Portfolio Manager and analyst at the independent investment counsel firm she co-founded Venable Park Investment Counsel Inc. www.venablepark.com. Over the last decade, Danielle has been writing, speaking and educating industry professionals and investors on the risks and realities of financial behaviors. A member of the internationally recognized CFA Institute, Toronto Society of Financial Analysts, and the Law Society of Upper Canada. Danielle is also an avid health and fitness buff.