Articles tagged with: Black Monday
Fears over US monetary tightening, rate hikes, and recession triggered the 1987 stock market crash, and there are parallels with today’s market environment, said Société Générale’s Albert Edwards. In his latest note, the ultra-bearish strategist said the evolution of bonds yields and equity markets this year looks similar to what happened before the market collapse of 1987.
So the Dow Jones Industrial Average broke a record in March 2013 — now what? It’s impossible to predict how the Dow, that popular barometer of the stock market, will zigzag from here. The only thing certain about the market is that there will be more peaks and crashes ahead, and that’s about as specific as a fortune cookie.