Bank of America predicting a market meltdown?
This is a article from the Business insider. Bank of America said they have figured out the formula for a market meltdown.
As you can see below we are really close to hitting all numbers for what Bank Of America is calling the formula for a market meltdown or a 10 percent sell off. This might be good for precious metal prices, but really bad for stock markets, 401k...
I am not a financial expert. Just found this article an interesting read and thought I would share
Please let me know your opinion.
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You could buy a put on the Russell 2000 (ticker symbol IWM). I'm going to be selling puts @26 on ticker SGG.
Thank you for the info..
Great Stuff, I have a 401A that I pulled out of the equities way too early, and I was thinking of getting back in, but Not Now!!! :D This makes sense, needing a combination of factors for a correction. I predict more than 10% however, because there ate so many under reported factors and outside forces at work here that I think it will be a DOOZY!
It could be ugly. Thank you for giving your insight..
I have been looking for a market correction and meltdown many years ago, but I realize the Fed has the Markets back right now and they are all propped up now with Algo trading and market intervention. There will be a day when the market's correct or even possibly crash, but there has to be a catalyst for it... maybe the gov't shut down will be the start....who knows, but it will come one day.
Exactly! Nobody really knows for sure.. Thank you for reading..