Ken Fisher Answers: Will the Stock Market Retest Its March Lows?

At the end of nearly every bear market, some investors and media warn of a potential for a double-dip—meaning stocks could tank again even after a recovery has seemingly begun. While markets have retested lows in bear markets past, Fisher Investments’ Founder Ken Fisher says it’s crucial to look at the individual bear market and economic environment to see whether it’s likely today or not.

Ken Fisher explains that this bear market was the fastest in history—falling from all-time highs to bear market territory in just 16 trading days. The market then recovered much of those losses in the following couple months. Ken says one reason we may not see a double-dip this time is because of the strength of the recovery so far. Looking at all bear markets through history, Ken says there aren’t any examples of double-dips that recovered to the magnitude this one has before retesting their lows. While there have been some instances where early in a bear market there seems to be a recovery before further declines, Ken Fisher explains how none of those saw an initial drop as deep as the one markets experienced in Spring 2020.

This bear market and recovery could always be different, but Ken doesn’t believe a double-dip bear market is the mostly likely outcome today.

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[long]

Just like his dad, very insightful thought process. My favorite investment book of all times is by the senior Fisher, “Common Stocks and Uncommon Profits, “ which I also have an audio version for traveling listen. His principle to investment is timeless. I am sure Mr. Philip Fisher would be very proud. Thank you, for successful carrying on your family’s teaching.

[tomr]

Thanks YouTube for recommending this brilliant piece of insight 6 months late

[martin-kxsu]

Everything was rational. Thanks for the subtitles too.

[realoldag]

Thanks for your insightful analysis. I look forward to hearing from you. 👏👏👏👏😊😊😊😊

[ssb]

Bull markets are born on pessimism and grow on skepticism....which stage are we at??

[jakstiles]

Please factor in macro history before you go fishing. Please explain numbers as well

[oiramsq]

Thank you for these little ‘chats’. It’s excellent to be able to tap into one of the longest (running) and strongest minds in the industry for de-politicized narrative on these financial events.

[gmo]

This is why Ken is my wealth-building Guru of choice. *And I pepper in some Jack Bogle.

[kihoon]

thank you for your advice 😃from r.o.korea

[yoyo]

My only view is that, at the end of the day, there are no rules to what markets do. In my life, I've seen so many former truisms about the market get destroyed.

[danirogerc]

Never had thought of a double dip in terms of fear. Great point of view. I made a huge mistake selling in mid March.

[fadim]

Not that I can give a master like you advice. Though explaining by asking yourself questions and answering them by a Yes or a No is annoying and takes a away from the flow of the idea

[alkanpam]

Listening your opinion with your voice truly gives me very good insights

[IMTHEKING]

Polling. All in calls or puts this week?

[brunomorheb]

You are great! Thanks for so many important information!

[mmercato]

I am also bullish for Mondday. Especially 4 us stocks

[scottchoi]

Ken. I say we will have March like episode again

[gbutube]

Concise, evidence driven analysis leading to a testable working hypothesis. Much appreciated.

[kjbwefohiwljbvjbdsv]

If we see a second wave, could that cause another dip ?