The Dow futures aren’t down too much yet — only about 70 points. Today’s the anniversary of the big crash in ’87. I doubt we’ll see another big crash today like we did back then. With circuit breakers and the fed at the ready to print dollars on a whim, any one day move will likely be contained.
My guess is we see a gradual decline over the next six months. By then, we might be in a recession (if we aren’t already) and the stock market might find a bottom some time next year. Just in case though, I wish I woulda’ bought some deep out-of-the-money puts on the SPY on Friday.
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