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Is the stock market about to crash?

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Saxo Bank's top analysts offer their views on the gnawing question: will the stock market crash? We've seen the NASDAQ drop by three percent, the S&P down by around two percent and the Dow Jones fall by around 250 points. It appears that there's a major correction underway and some investors will fear the worst. Is this slide only related to certain stock sectors? Or as global growth looks worrying, are the markets preparing for a doomsday scenario?