Stock market crash: Path to economic depression and 80% S&P 500 plunge - Business Insider

"We have debt beyond anything we can ever manage," Hunter said. "When you get these surprises, that leverage really exacerbates whatever downturn you get."

"You look at where we are today, and you can become pretty dire about coming out of this," he said. "I think this is the front edge of that bust." He continued: "We will have some sort of a 'V' recovery for a quarter, maybe two, because of all this money — but ultimately, it's all one bust." Unfortunately, Hunter thinks the market's stimulus-induced exuberance will be exhausted in the later portion of the year as participants realize the money printer isn't the panacea that had hoped it'd be.

Predicting and being ready is different things.

Well. You know what they say about opinions

Buy the coin of Bit

No way 80%. It might not even touch the lows of March. Nibble at risk on assets. Place 1% order and then average down by 1% for new lows. Make sure company has good balance sheet with high cash in hand to debt

Nice to see a news company spreading more fear

Would be helpful if we also knew this 'market vet's' track record predicting previous depressions and recessions

That’s a bit much!

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market crash: Path to economic depression and 80% S&P 500 plunge - Business InsiderA 47-year market vet explains why he sees the economy's 'super-cycle' hurtling towards depression — and lays out his case for an 80% stock plunge later this year If it hasn't happened now, during a global shutdown, why would it happen later There may be a case but aint gonna happen with the massive, quick and broad government intervention that has occurred. More likely some stocks will plunge and others will do well. In other news. A 50 year old veteran throws a dart at the Wall Street journal and achieves the same results. The MGMT
Source: BusinessInsider - 🏆 729. / 51 Read more »