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Listen to Mark S. Young's Interview on MarketView
Whew! If that happens I will be scooping up stocks.
But, remember tomorrow is the anniversary of that 1987 crash.
Opinion: The stock market is overdue for a one-day 5% or 10% plunge
Friday is the anniversary of the 1987 stock-market crash, when the Dow Jones Industrial Average plunged 22.6%
CHAPEL HILL, N.C. — The Dow Jones Industrial Average could drop more than 5,700 points in Friday’s trading session.
Impossible, you say?
Think again. On Oct. 19, 1987 — 31 years ago today — the Dow DJIA, -1.27% plunged 22.6%. It was the worst stock-market crash in U.S. history. An equivalent percentage drop today would cause the Dow to skid more than 5,700 points.
To be sure, just because the stock market could suffer a similar fate doesn’t mean it is likely. But most investors don’t even acknowledge that it’s possible.They’re kidding themselves. ence another 1987-magnitude crash in our lifetimes — or that another will occur today.
373 Views · 9 Replies ( Last reply by redfoliage2 )
"If we assume that the 2014 pattern is going to continue driving stock prices in late 2018, then that should mean a dramatic rebound continuing through the end of 2018 and into 2019, without looking back. Thinking that the price pattern of 4 years ago should determine what happens now is a hard case to make. Except that for the past 3+ years, it has been working way better than all of the things which should matter. Knowing what the exact explanation is for this behavior is far less important than recognizing that the behavior happens for different reasons (obviously) than what the experts tell us about why stock prices move"
189 Views · 4 Replies ( Last reply by K Wave )
Will It come in on a high or a low tomorrow? or will it come on Monday (2 day window). With OPEX under way, it promises to be a day to remember, but your mileage may vary...
The signal is currently at Neutral.
A crash is possible, but there is good chance that the market bounces up tomorrow.