Stocks look to close down for the month. This will be the first down month in a long time. Is this a correction? Or is this the start of a crash? I believe that we will experience another crash eventually because we have not fixed any of the structural problems that cause the last crash. In fact, I believe all that we have done is double down on what caused the market to tumble last time. Has the level of debt gone down? Has accountability and responsibility increased? Has rampant speculation decreased? Have the printing presses stopped? No! So we will experience another crash. Is this it? No way of knowing at this point, but if investors panic, it can happen.
What do you think?