Minervini Warns US Stock Selloff Could Last 1-2 Weeks

Cointime reports: US stock analyst Mark Minervini said on November 6 that he does not expect a decline comparable to 1987, but that the day could lay the groundwork for some form of stock market crash, with the selloff potentially lasting one to two weeks. If losses intensify, he said SPY could fall 10%-15% from its high, with a worst case of 20%, while the Nasdaq could drop 20-25%, possibly producing a 1998-style cyclical bear market.