With stocks in correction mode, there has been an increase in chatter about bear markets and potential crashes.
This talk has been around for the better part of the past decade, but the recent slide in the S&P 500 (NYSEARCA: SPY) and broader stock indexes has once again brought out the parma-bears in force.
So today we look at 1987 and the potential for another similar market crash today.
In the video below we highlight the week leading up to the 1987 crash and what the market dynamics were (and are today).
Note that in 1987 stocks fell over 9 percent in one week to deep support before breaking it and crashing.
Today’s market has a much different look (at this juncture). However, the situation evolves with each day, so investors have to be open to all outcomes and possibilities.
Today’s video analyzes current trends, indicators, and potential situations to be aware of.
Weekly Stock Market Video – October 22
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
