[Money Metals ]
Home » 2018 » October » 30

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 ... Read more »

Views: 44 | Added by: moneymetals | Date: 18/10/30