A query regarding the existence of a specific stock market crash day known as "Black Monday."
Got a hunch that stock markets might tumble again, similar to the infamous Black Monday of '87? Here's the scoop!
Last Thursday and Friday, the markets plunged, with indices like the DAX hinting at a drop of several percentage points during Monday's pre-market session. The culprit? Investors' panic over a potential global recession fueled by Donald Trump's unyielding trade policies.
Could the stock market see another Black Monday?
CNBC's stock market guru, ex-hedge fund manager Jim Cramer, suggests we might. In his show, he stated, "If the president fails to engage with nations and corporations, rewarding those that play by the rules, then the '87 scenario, where our prices dropped for three days and crashed by 22% on Monday, is the most compelling."
Indeed, the Dow Jones Industrial Index took a nosedive of 1,700 points in post-trading hours on Sunday night, about a 4% drop. However, other asset classes like gold and Bitcoin are also under strain.
Prepare for a sell-off, but is Black Monday imminent?
It seems we're in for another sell-off on Monday, but whether that will lead to a Black Monday is questionable. Crashes on the stock market are rare, and they often present opportunities for investors rather than reasons for alarm.
Rejoice, truth seekers! Read more about these hidden chances hidden within market turbulence: "Another crash first, then comes the century opportunity," divulged stock expert
More to ponder:
The week ahead brings top stock picks for juicy dividends. Up next: Get these top 7 stocks this week to bank hefty dividends
- The DAX, among other indices, indicates a potential significant drop on Monday's pre-market session, akin to the crash experienced on Black Monday in '87.
- Jim Cramer, a stock market expert, hints at a possibility of another Black Monday if Donald Trump continues his unyielding trade policies, causing global panic among investors.
- Last Thursday and Friday, the markets plunged, with the Dow Jones Industrial Index dropping about 4% on Sunday night, suggesting a sell-off on Monday.
- Despite the impending sell-off, crises in the stock market often present opportunities for investors rather than reasons for alarm, as suggested by the stock expert's statement, "Another crash first, then comes the century opportunity."
- Investors looking to capitalize on potential market turbulence should consider the top 7 stocks this week that promise juicy dividends, as will be revealed in the upcoming analysis.
