“If the 4.8% fall in S&P 500 futures at the Asian opening isn’t reversed, then it’s on course for its worst three-day selloff since the Black Monday crash of October 1987.”
“If the 4.8% fall in S&P 500 futures at the Asian opening isn’t reversed, then it’s on course for its worst three-day selloff since the Black Monday crash of October 1987.”
Hehe, yeah. Fair. There is a very good chance that even with everything burnt to the ground, people would vote to take longer to try to go back to what is familiar rather than going for the quick fix that seems better on paper but has never been tested at full scale. And as you say, even if it got so far as to be emergency implemented to stop the hemorrhaging, there is very little chance it would last long enough to prove better before it starts to get dismantled out of fear that it’s not… or fear that it is.
I just would hope that at the point where there is a prominent uprising, it would come with a pretty widespread distaste for how it got there. That has historically been the case, a big pendulum swing the other way for a bit.