The Characteristics of a Stock Market Crash
With essentially no change in the domestic economic environment or interest rates, the market seems to be marching up a wall of worry, posting new highs as political struggles wane, inflation seems tame and the air coming out of the housing market has slowed to a trickle. So why worry about an impending precipitous decline in the stock market? Just compare the crash of 1987 and the “Bubble” of 2000 to the environment we’re in today, and the similarities are alarming. There was no apparent change in the economic conditions between the spring of 1986 and fall of 1987, but…