Analyst Sees Ominous Parallels to 1987 Crash as Rates Rise Amid Fragile Economy

Stock strategist Albert Edwards sees similarities between today's market and before 1987 crash. He warns rising rates amid fragile economy could spark another crash.

Edwards cites indicators like falling trucking jobs, corporate bankruptcies, and slowing incomes that point to looming recession.

In 1987, stocks kept rising as rates increased, fueling crash mentality when recession hit. Edwards fears same narrative brewing now.

Causes of 1987 crash still debated - program trading, tax policy changes, investor psychology factors then too.

Markets recovered after 1987 crash. But Edwards argues investors shouldn't be complacent - big downturn still possible if recession hits.