Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash.
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Stocks have been on a tear, but some forecasters warn of a potential crash due to lofty valuations and signs of a bubble. Economist Harry Dent predicts a major market crash, with the S&P 500 potentially dropping 86% and the Nasdaq Composite dropping around 92%. Capital Economics predicts that stocks have another 20% to inflate before the bubble bursts. Investor John Hussman believes stocks could plunge as much as 70% once the bubble bursts, citing overvaluation. RBA's chief investment officer, Richard Bernstein, warns that large-cap stocks are overvalued and could see a significant drop. UBS points out that six out of eight warning signs of a market bubble have already flashed. Despite the warnings, analysts agree that the prospects for earnings are looking favorable for stocks.
#StockMarket #MarketCrash #MarketBubble #StockValuations #Forecasters
https://markets.businessinsider.com/news/stocks/stock-market-crash-bubble-correction-dot-com-tech-overvalued-ai-2024-6
Markets Insider /
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2024-06-16 23:29:20
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2024-06-16 23:29:20Event JSON
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"content": "Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash.\n==========\n\nStocks have been on a tear, but some forecasters warn of a potential crash due to lofty valuations and signs of a bubble. Economist Harry Dent predicts a major market crash, with the S\u0026P 500 potentially dropping 86% and the Nasdaq Composite dropping around 92%. Capital Economics predicts that stocks have another 20% to inflate before the bubble bursts. Investor John Hussman believes stocks could plunge as much as 70% once the bubble bursts, citing overvaluation. RBA's chief investment officer, Richard Bernstein, warns that large-cap stocks are overvalued and could see a significant drop. UBS points out that six out of eight warning signs of a market bubble have already flashed. Despite the warnings, analysts agree that the prospects for earnings are looking favorable for stocks.\n\n#StockMarket #MarketCrash #MarketBubble #StockValuations #Forecasters\n\nhttps://markets.businessinsider.com/news/stocks/stock-market-crash-bubble-correction-dot-com-tech-overvalued-ai-2024-6",
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