WARNING: A September Selloff Is Coming Within Days And Things Will Continue To Get Worse
September 5th, 2012
It’s Coming: One Pro Sees Big Stock Selloff in 10 Days
An equity strategist for Goldman Sachs is predicting a September selloff that happens so rapidly he is telling clients to protect themselves before Sept. 14.
The reason: Market disappointment over key meetings of the European Central Bank and Federal Reserve—all within the next 10 days.
An ECB Governing Council meeting takes place this Thursday amid growing expectations that ECB President Mario Draghi will lay out some dramatic measures, such as bond purchases or yield caps.
The Fed, meanwhile, meets on Sept. 12 and 13 amid hopes that the central bank will decide on a third round of quantitative easing.