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Dow Crash Ridiculously Unlikely – JPMorgan Economist Reveals Why

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By CCN: The Dow Jones lost nearly 1,000 points last week, but the stock market bellwether made a tepid recovery on Monday. At last check, the DJIA had gained 24 points or 0.1% to climb back to 24,839. The Dow’s recent performance has triggered alarm bells on Wall Street, but one JPMorgan economist argues that the Fed could take steps to protect the stock market from a crash. JPMorgan Economist: Fed Rate Cut Is in the Cards According to Michael Feroli, chief U.S. economist at JPMorgan, the Fed will likely consider easing its monetary policy should adverse growth implications arising

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