The sterling crash last week was a stark warning.
Black Monday in 1987, Friday 13th crash of 1989, 1997 Asian financial crisis, 2008 Lehman disaster, etc, etc. happened in October
"Seven of the 20 worst losses in the Dow's memory happened between Oct 15 and Oct 29, including the 1929 and 1987 crashes," says Hilary Kramer, editor of Game Changers stock newsletter.
There will be risk-off trades as US election nears, then full blown sell-off.
More and more companies will default on bonds like Swiber.
STI will fall to 1,750, about 50% of its high, in the current downcycle. Property market will collapse, jobs will be lost and grass will be eaten.
Black Monday in 1987, Friday 13th crash of 1989, 1997 Asian financial crisis, 2008 Lehman disaster, etc, etc. happened in October
"Seven of the 20 worst losses in the Dow's memory happened between Oct 15 and Oct 29, including the 1929 and 1987 crashes," says Hilary Kramer, editor of Game Changers stock newsletter.
There will be risk-off trades as US election nears, then full blown sell-off.
More and more companies will default on bonds like Swiber.
STI will fall to 1,750, about 50% of its high, in the current downcycle. Property market will collapse, jobs will be lost and grass will be eaten.
