The Nasdaq composite enters this week’s trading down over 10% in the month of October. For what it’s worth, market technicians consider a 10% pullback an official “correction.”
So far it’s just that – a correction. It may therefore be a bit premature to carve the stock market’s tombstone.
But investors should be prepared for further downside in share prices… and a possible longer-term (and long overdue) bear market after several years of relentless Fed-fueled price appreciation.
Widely followed market analyst Greg Weldon warned last week that a crash may be coming. “You have the setup for kind of like a crack, a big crack,” Weldon told listeners of the Money Metals Weekly Market Wrap podcast. “There are correlations to 2007 and '08, and that's more macro in setup, but when yo
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