How about a little Halloween fright?...
Here's an image from a recent Carl Swenlin video where he was discussing his experience with the 1987 crash:
https://www.youtube.com/watch?v=sjkB...ature=youtu.be (he starts this segment at about the 9:30 mark)
1987 Crash Analogy.jpg
OK, well now look at the last 7 months in the S&P 500. Hmm, there's sure a lot of similarities there.
If the pattern repeats we'd see about a 30% drop over the next week (circuit breakers would limit the panic to less than that), maybe after a one-day bounce on Monday or election day.... Boo!
1987 Crash Analogy - 2020.JPG
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