Not sure if you were in the market in 1987 but there was very little warning that I can recall. I did remark to my broker that "this can't go on" & he agreed: everything was flying in Aug/Sept ... Then bang. It was horrifying. I fear the same again is around the corner ... Wall St, low interest rates or not, is running on fumes. Hope I'm wrong but if just one big bank defaults, or a country like Greece or Venezuela, it could be sayonara within hours.
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Where do you get this stuff from?
I was in the market in 1987. I pulled most of my money out after making a lot of dough, it was obvious to anyone with half a brain that the market was in a mania, like gold in 2011.
Then it happened, Black Friday or whatever, it was no surprise to me, only those that thought it would go on forever. A lawyer at a firm I was using at the time shot himself.
The stock market in 2016 has absolutely no resemblance whatsoever to 1987, it's crap.
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