Chart Of The Day: 2017 Is The Shallowest Year On Record

This chart is making the rounds on Twitter right now. Liz Ann Sonders (@LizAnnSonders), Chief Investment Strategist at Charles Schwab, brought it to our attention. It shows the maximum drawdown in the S&P 500 each year going back to 1914 with our current year the shallowest in history.

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Combine that with not a single US stock showing up in Ben Graham's "deep value" screen and record levels of borrowing by individuals to buy stocks at these prices and you have an interesting set-up in the making.

Article by Financial Sense

Chart Of The Day: 2017 Is The Shallowest Year On Record



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FinancialSense
Cited by Barron's as one of the top financial websites to visit on the weekend, Financial Sense provides educational resources to the broad public audience through editorials, current news and resource links on salient financial market issues.