Buy-The-Black-Monday-Echo-Dip - Stocks Dip & Rip After China Bubble Warnings

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— StockCats (@StockCats) October 19, 2017
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pic.twitter.com/g4EjXXJofL
— StockCats (@StockCats) October 19, 2017
"Saved..."
Back in mid-July, BofA's chief investment strategist Michael Hartnett predicted that the "most dangerous moment for market will come in 3 or 4 months." Well, we are now "between 3 and 4" months since the forecast fate and the most dangerous moment we have experienced since then, ironically, is today's modest selloff on the 30 year anniversary of Black Monday. So looking back at his forecast, has Hartnett thrown in the towel on calls for a correction, and joined all the other BTFDers?
Via Dana Lyons' Tumblr,
A key barometer of worldwide developed markets is bumping up against 9-year highs.
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Has the market's "melt-up" levitation finally ended? Of course, it could be much worse: as Bloomberg's Paul Jarvis recalls, thirty years ago on this day traders around the globe were staring at their screens in disbelief as stock markets turned to a sea of red: the Dow, S&P 500, FTSE, DAX and CAC fell -23%, -20%, -10%, -9% and -10% respectively.