Are We On The Cusp Of Another Global Crisis?

[progree]

7. Do you (or he?) mean cusp of a bear market? The S&P 500 is down 17.4% from its Feb 19 All time high

"Exactly, the markets peaked 2 months ago and he's on the cusp of correction. "

Edited - on 2nd thought, I'm thinking you are probably talking about his view of things, not your view of "the markets", given the facepalm emoji, now that I look at your post again, /End Edit

My daily update thread on the S&P 500 (with mention of Dow with embedded auto-updating graph.)
https://www.democraticunderground.com/111699775

Corrections start at 10% down, bear markets begin 20% down. The S&P 500 first officially reached correction March 13.

The NASDAQ and Russell 2000 small cap are already in bear markets.

The Dow 30 is very close, but has not quite reached a correction as of Friday's close. Frankly nobody with any knowledge of investing judges the state of the U.S. stock market as a whole based on a price-weighted cherry-picked collection of 30 stocks. (I know you are a lot lot better than that.).

Of the major popular indices, the S&P 500 is far more representative of the total U.S. stock market, having about 80% of the capitalization of the total U.S. stock market, and its performance is very close to that of U.S. total market indices. I've been using the S&P 500 in my writing because there aren't any popular total market indices, but really the best measure of the total U.S. stock market, is well, umm, a total U.S. stock market index.

Another reason I've been using the S&P 500 is that daily data, including dividends, is not available for any total U.S. market index as far back as for the S&P 500.