A US Stock Market Crash Is a Real Possibility

A U.S. stock market crash is a real possibility. It's been a long time since we have been in an environment where this was on the table. For those of you who know me, I think I've proven that I'm not one of these end-of-the-world guys. We can probably all agree that I call it like I see it and have no directional bias. I walk around daily proud not to care whether the market doubles or gets cut in half. We just want to be on the right side of the trend. The risk for most of the month has been skewed in favor of the bears. As breadth has gotten worse and momentum has confirmed downside pressure, I believe there is unlimited risk in the market right now. Nothing is out of the question. In my opinion, we are in a stock market environment where a crash is entirely possible. Now, just because it is possible doesn't mean it will come.