2016 Stock Market Crash: Global markets have tanked so far this year, and the S&P 500 has already fallen 10.4% from its May 2015 high.
Investors are now wondering how far the S&P 500 could drop during a 2016 stock market crash, so we turned to Money Morning Global Credit Strategist Michael Lewitt for his prediction. After reviewing market data, he has revised his original S&P 500 prediction for Money Morning readers.
But first, here's why investors are panicking about a possible 2016 stock market crash...
2016 Stock Market Crash: Global markets have tanked so far this year, and the S&P 500 has already fallen 10.4% from its May 2015 high.
Investors are now wondering how far the S&P 500 could drop during a 2016 stock market crash, so we turned to Money Morning Global Credit Strategist Michael Lewitt for his prediction. After reviewing market data, he has revised his original S&P 500 prediction for Money Morning readers.
But first, here's why investors are panicking about a possible 2016 stock market crash...
The latest stock market crash prediction forecast by legendary contrarian Marc Faber is a little vague. He says what's going on with the Chinese yuan could have a negative impact on U.S. markets.
But we'd prefer a more thorough outlook on the state of the damaged Chinese currency and what to expect from it in the near future.
Good thing we know exactly who to listen to...
