WALL STREET'S DOOMSDAY SCENARIO

BELIEVE IT: THE MARKET COULD CRASH, AND POLITICAL AND FINANCIAL CHIEFS ARE MAKING CONTINGENCY PLANS

Even with the Dow Jones Industrial Average flying high over 8000, few on Wall Street say they expect a crash anytime soon. Indeed, the world is a prosperous, friendly place these days, and the coffee-shop buzz is, "How do I get in the market?" not "How do I get out?" But make no mistake, the stock market could crash again. Mechanically, there is nothing in place to guarantee that the Dow won't fall 1000 points by lunch and another 800 points in the afternoon. Get real! An 1,800-point decline today would be the same 23% drop that occurred on Oct. 19,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!