Tuesday, October 27, 2020

Tag: Stock Market Crash Imminent?: “We May Well Be At The Most Dangerous Financial Moment Since The 2009 Financial Crisis”

Stock Market Crash Imminent?: “We May Well Be At The Most Dangerous Financial Moment Since The 2009 Financial Crisis”

by Michael Snyder, End Of The American Dream:

Volatility has returned to Wall Street in a major way, and many investors are extremely nervous right now.  In recent days we have seen a dramatic escalationin our trade war with China, and there is a lot of chatter that another stock market crash could be imminent.  When the Dow Jones Industrial Average plummeted 767 points on Monday, that definitely freaked a lot of people out, but then the Dow bounced back 311 points on Tuesday.  Some are taking this as a sign that things are going to be okay, but we need to remember that during any stock market crisis we would expect to see both large up days and large down days.  In fact, several of the largest single day stock market rallies in U.S. history happened right in the middle of the financial crisis of 2008.  So please don’t think that the crisis is “over” just because stocks rise on a particular day.  This party is just getting started, and once it fully gets rolling nobody is going to be able to stop it.