As of this writing the S&P 500 (SPY) has dropped nearly 8% in little over a week, giving us the worst action we’ve had in years.
And on Monday, the Dow (DIA) had its worst point drop in history.
The last time we got anything close to this was in September 2008, the middle of the financial crisis.
The Dow drop also coincided with the largest one-day spike in the VIX ever.
The VIX (VXX) is the volatility index which is also known as the “fear index”.
When it rises, it means investors are expecting more volatility to come, meaning more price swings.
So is this it then?
Is the neverending bull market finally coming to an end?
In the video above we review thoughts from the legendary Ray Dalio on this recent crazy market action while also analyzing how the economy is currently performing.
We cover data on sentiment, the Conference Board LEI, unemployment rates, and the proprietary Macro Ops leading equity market indicator… all to give you an answer on whether this “market crash” is the start of the next financial crisis or really just another correction.
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