Shrieks of an imminent market collapse seem to surface almost weekly since the Financial Crisis. Swayed by the warnings, many conservative investors have liquidated their equity holdings to defend against the coming storm.
That a meltdown has failed to occur has not slowed the pace of predictions. There has been ample fearmongering since 2008, but it took on a life of its own last year.
It began in January 2016, when the Shanghai Stock Exchange dropped 24%. Then came “Project Fear” during Britain’s EU referendum in June. Then there was the summer’s Deutsche Bank scare, with its imminent collapse likely to take do