80% Dow DropDoes anyone know about this topic that projects a market crash on Wednesday, June 15th ?
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Googled it, looks like it’s from a Business Insider article from January 2022, republished in April 2022. Unfortunately it’s behind a paywall that I don’t have access to. It’s kind of interesting that I believe this Wednesday the 15th is the next interest rate announcement from the FED, and there is now a lot of chatter about a 3/4 point hike, enough chatter that a 3/4 point hike shouldn’t be a huge shock at this point, however if it’s a 1/2 point hike that could also disappoint and indicate that the magnitude of inflation is still being under-estimated by those entrusted to address it, we seem to getting into can’t win territory.
It happened a little early. June 9th was the start of the drop, and it dropped 30% and not 80%. We may have more to come.