While I hope this isn't true, we have to consider that it happened back in 2008 so it stands to reason that it's a distinct possibility that a recession is looming above us. The market tanked today dropping over 800 points; normally I'd say it is just an adjustment however given several factors which they are talking about on the media outlets, it appears that this could be a reality we might have to face.
Is a recession coming? Wall Street sure thought so Wednesday.
The Dow lost 800 points, posting its worst percentage drop of the year while the Standard & Poor's 500 and the Nasdaq each lost about 3%.
Worrying economic indicators from overseas coupled with an ominous signal in the bond market sent stocks into a tailspin.
“There was this realization that the rest of the globe is slowing faster than people expected, which leads to part two, the yield curve inverting for the first time since the financial crisis,” said Ryan Detrick, senior market strategist for LPL Financial. “That, historically, occurs ahead of a recession.”
https://www.usatoday.com/story/money...ff/2010009001/