Will stocks crash like it's 1987? Not this year.
The potential for a summer stock market crash (like the one that happened in 1987) is low, because the market environment now is very different from the market then.
The potential for a summer stock market crash (like the one that happened in 1987) is low, because the market environment now is very different from the market then.
The new meme that has begun making the rounds involves the potential of a 1987-like crash occurring in US stocks.聽 Marc Faber, who is incredible at getting headlines, floated this possibility as a trial balloon on Bloomberg the other day and that's all you really need these days.
Michael Gayed, a former protege of Faber's, explains that a 1987-style crash is not likely this year because of some pretty key differences in the market environment between then and now...
From MarketWatch:
Michael's work concerns the analysis of relationships between markets, head over聽 for his whole article.