Dick Bove: 'Massive move to the downside' looms due to liquidity issue

Dick Bove
Jin Lee | Bloomberg | Getty Images

Liquidity issues have been at the forefront of potential market pitfalls for months.

Banking analyst Dick Bove said Monday that investors could be about to see just how bad things can get.

As Wall Street suffered through another brutal trading day, the vice president of equity research at Rafferty Capital Markets asserted that liquidity, or the ability to keep cash flowing and match up buyers and sellers, is posing perhaps the biggest challenge ahead.

Bove said he hopes buyers step in to stem the damage. Otherwise, the consequences could be severe.

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