The chance of a significant stock market fall is greater than many financiers believe, the chief executive of JPMorgan-Chase said in a recent interview.
“I would give it a higher probability than I think is probably priced in the market and by others,” Jamie Dimon told the BBC on Oct. 8.
“So if the market’s pricing in 10 percent, I would say it is more like 30 percent.”
Dimon, who is the head of the largest U.S. bank, added that he is “far more worried than others” about a stock market correction, which he said could come in the next six months to two years….