Most investors now expect the U.S. stock market to crash like it did in October 1987 — why that's good news
Individual investors have never been more worried about a U.S. stock market crash. That’s great news. This counterintuitive reaction is because investor sentiment is a contrarian indicator. So it would be more worrying if investors thought there was a low probability of a crash. This upbeat news will be particularly welcome after the Dow Jones Industrial Average plunged 650 points, or 2.3% on Oct. 26 — the worst one-day decline since early September.
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