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HSBC issues red alert for severe US stock market crash
short by Mansha Mahajan / on Friday, 14 October, 2016
HSBC's technical analysis head Murray Gunn has issued a red alert for US stocks stating that the possibility of a "severe" market crash is now "very high". His statement followed "aggressive" sell offs in the US market earlier. Notably, the recent stock market moves seem similar to those before 1987’s ‘Black Monday’, the biggest one-day crash in history, analysts said.
read more at Bloomberg