“Nomura: A second market sell-off could be ‘Lehman-like’”
August 8, 2019
“Investors shouldn’t take much solace from Tuesday morning’s rebound, says Nomura. The firm is warning the next sell-off could resemble a crisis-level plunge like the one that followed Lehman Brothers’ collapse.
This view is much more catastrophic than the rest of Wall Street with most firms predicting a stock market correction (down 10%) at most and likely just a slight pullback. Nomura is basing its view on data showing hedge funds fleeing the market and said more are set to exit when their algorithms are triggered by rising volatility…”
https://www.cnbc.com/2019/08/06/nomura-a-second-market-sell-off-could-be-lehman-like.html
This guy is predicting the market could adjust in late August. In any case market adjustments are way less likely to affect someone like me who day trades and keeps their cash pretty much as liquid assists the majority of the time. If the market tanks there’s a high chance I wont be invested in anything anyway.
To be honest I don’t really like doom and gloom articles. That being said I do want my readers to be aware of the risk.