Sun, 25 November 2018
Our FEATURE today focuses on the US equity markets which are exhibiting all the signs of being on the cusp of a bear market. We examine a number of past major bear markets and the aftermath. Of significance, did a Recession follow the event? Black Monday in October 1987 is quite meaningful. The DOW suffered a 22.5% loss that Monday which still remains as the largest one day decline in US market history and continued to drop almost 40% from its' historical high. Re-markedly the equity markets rallied on a consistent basis thereafter and there wasn't a Recession. The 2008 market collapse, in contrast, preceded a severe Recession that lasted for several years. Our attention focuses on the current market and the economy and what events could curtail or limit an economic downturn. Other topics include: "Oil rout casts a pall over US markets", Steel tariffs hit major projects, "Trump's frustration with Mnuchin", Small mortgage firms downsize and quit, Trump plays Chinese checkers, US dollar rallies, VPLM update, The most deplorable and dangerous man in America demands a petition to deport and Catch & Release is no longer US migrant policy.
Direct download: TMB-18-11-25-US-on-brink-of-stock-market-crash.mp3
Category:News & Politics -- posted at: 12:00pm PDT