Market sell-off could get 'significantly worse' this week — and it echoes 1987 crash, strategist say

• BNY Mellon’s chief currency strategist said the current sell-off echoes 1987 market crash, speaking to CNBC Tuesday.
• Market activity could get much worse over the next week, and a no-deal Brexit could contribute to a risk off environment, he claimed.
• Higher Treasury yields have unnerved investors, as well as political problems in Italy and worries over Brexit negotiations in the U.K.

https://www.cnbc.com/2018/10/16/market-sell-off-could-get-significantly-worse-echoes-1987-crash.html

 

Echoes the '87 crash?

Right.

Whatever gets the clicks I guess.

 

bla bla bla BUY SIGNAL!

 

Maybe Mark, but it's behaving like a bear.

 

true dat.. but i was short all the way from 190 so now i'm bullish. lol

 

10 year yields of 6% is definite risk off. Why put money in stocks if I can make 6% a year on my cash with no worries of capital loss.

shit if we hit 13% I will put all my money in 10 year notes. Only a moron would bother trading if you can get 13% yields on your money.

 

Are you on drugs? 10 year yields are no where near 6%... and 13% isn't going to happen.

 

3.177 but clearly the guy is not a trader so whatever makes him happy.

 

Black Monday was 31 years ago tomorrow.
Can you imagine a 22% haircut on the Dow in one day?!
6000 points.
F!
Wonder what Trump would Tweet.