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S&P 500 can fall much lower per 2008 crisis comparison

Several red lights are flashing as the S&P 500 enters a dangerous zone. The stock index could drop notably soon.

While government and Fed officials deny there is any recession in the US, claiming the job market is rock solid, others see the recession as ongoing. It’s been almost one year since the stock market turned south and interest rates skyrocketed. Let’s see whether a market crash is inevitable or if it’s only a misconception. 

Will history repeat itself?

This year’s move of the S&P 500 is very similar to the one of 2008, as Michael J. Kramer showed in his tweet. The stock index even dropped below 700 during the biggest volatility, which is approximately a 60% downfall. Now the S&P 500 is down just around 18%.

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I got into financial markets by accident in 2012 and started with Forex trading. Later in 2017, I started investing in stocks in cryptocurrencies and began writing articles profess...

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