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📉 Why the stock market might crash: Part One: Lessons from the 1973 Oil Crisis
The author believes the current situation is similar to 1973:
Back then, global oil supply decreased by about 5–7%, triggering a severe market crash
Now, about 20% of demand is affected, making the situation more serious
S&P 500 in 1973:
Fell about 20% after the embargo was announced
The real crash happened after the crisis ended (another 40% decline)
👉 Core idea: