The piece below has one of the most incredible warnings concerning the next 7 trading days. It reveals that the next week of trading has triggered some of the biggest crashes and stock market massacres in history.
By Art Cashin Director of Floor Operations at UBS
September 19 (King World News) – “On this day (+1) in 1873, the New York Stock Exchange set a record, although it was one they would be ambivalent about for the next 133 years.
Founded in 1792, the Exchange had survived early volatility (1794), a challenge from competitors (1802), a merger and a new name (1825), a punishing diet (records indicate that, circa 1810, lunch was a double jigger of dark rum and a wedge of dried codfish…..please note….we no longer serve codfish).