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This market is more 2011 than 2008, say analysts, complete with ‘quite severe’ rolling bear market

Analysts say that markets this year have a lot in common with 2011.

Financial markets have been flashing lots of indicators in the past month which have spooked investors and led to a flight ticket from risk for point about this year, drawing parallels to the financial crisis of 2008.

Like that year, banks are the big focus, with investors this week selling off U.S. and European banks around credit fears. 

But while there are shades of 2008 here, this is really a repeat of what happened in 2011, say analysts.

On Wednesday, reports from both National Bank Markets and Citigroup drew parallels between this season and also the volatility flare up five years ago, when the European sovereign debt crisis roiled markets and brought the S&P 500 to the brink of the bear market.

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