JPMorgan CEO Jamie Dimon is warning that the chances of a US stock market fall are far greater than many Wall Streeters believe.
The head of America’s largest bank says he is “far more worried than others” about a stock market correction — widely defined as a drop of at least 10% — predicting that could come in the next six months to two years.
“I would give it a higher probability than I think is probably priced in the market and by others,” Dimon told the BBC . “So if the market’s pricing in 10%, I would say it is more like 30%.”
The JPMorgan CEO said he was more worried about a stock market crash than many other people on Wall Street. REUTERS
The banking veteran said there were a “lot of things out there” creating an atmosphere of uncertainty, citing geopolitical tensions, fisca