This was the fastest drop from a market high to a bear market (a 20% decline) in history, occurring in just 16 trading days [1]. It was driven by panic over the global pandemic.
Unexpected, major negative news (like pandemic shutdowns) causes rapid reassessment of asset values. Helpful Resources & Context: fastest_crash
provides analysis on how the 2020 crash broke records for speed. If you're studying this topic, What regulatory changes happened after 1987 ? How to spot early warning signs ? This was the fastest drop from a market
Modern crashes often feature computer-driven trading, which can trigger massive, instantaneous sell orders. which can trigger massive