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It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.
“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."
Unfortunately Spitznagel isn’t alone.
“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”
stock futures are fairly flat, global markets aren't tanking either. I doubt if we'll see a huge drop on Monday unless there's some crazy activity today that results in a far broader situation.
reply to post by MerkabaMeditation
Here's a list of the largest daily changes in the S&P 500
Largest Daily Changes in the S&P 500
Only once has it breached over a 20% loss. Throwing that aberration out, most big losses are anywhere between 4 and 8%. I guess I shrug my shoulders with stock market forecasts. It's a random walk. I wouldn't be surprised if it drops 1 or 2% Monday, but it won't drop 20%.
reply to post by Toromos
the markets have crash protection limits in place. Trading curbs will keep us from ever seeing 50% in one day.