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Investors Increasingly Worried That Current Stock Market Mirrors 1987 Meltdown
Although the stock market may have hit a new all-time high recently, investors are feeling increasingly worried. According to one metric, fear is at its highest level in roughly 50 years. Will investors flock to alternative assets — like Bitcoin (BTC) — as a result? For many older investors, the 1987 stock market crash is like recounting a period in Hell. The crash then was the biggest single-day wipeout in history. Worst of all, it came after unprecedented growth — much like today. According to the Leuthold Group, some of the current stock market trends seem to point that we may be soon experiencing a repeat of that dark day.