Just got this info off the BBC business news live thread
“Technical analysts at HSBC are getting gloomier about the future of US share prices. There’s now a high chance of a “severe fall”.
In a new research note, Murray Gunn writes: “With the US stock market selling off aggressively on October 11, we now issue a RED ALERT. The possibility of a severe fall in the stock market is now very high.”
He sees similarities between recent trading patterns and those just prior to the 1987 Black Monday stock market crash.