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JP Morgan's Wall Street chief says more market meltdowns like December's rout are coming

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The S&P 500 crossed into a bear market on an intraday basis in late December before recovering most of its losses. That pattern is likely to repeat this year, Daniel Pinto says.

 

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seems like they(algos) raid 401k and IRA accounts monthly with impunity these days.

Would like to see a visual history of his prognostications. Is he 100% correct 100% of the time? Or does he forecast often, but not well? Spoiler alert—-Hey, he might be right!

Market meltdowns are great for majority of individual investors who save their paycheques and buy stocks at cheaper prices. What’s not to like about discount over the same goods?

Trump will RUIN the Great Economy Obama worked so hard to ACHIEVE for America

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 /  🏆 12. in JP

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