Stocks could fall 40% in a collapse mimicking the Great Depression, famed economist Gary Shilling says | Markets Insider

The stock market faces a reckoning when investors come to terms with the coronavirus' long-term economic damage, legendary economist Gary Shilling said.that equities could tank up to 40% once such realizations are made.

Shilling reiterated his love for Treasurys, noting he's advocated for the safe-haven asset since 1981 and still thinks they're"a great buy."The stock market faces a second, Great Depression-style downturn if investors realize how long-lasting the coronavirus' fallout will be, economist Gary Shilling said.

When today's market participants similarly comprehend the virus threat, history will repeat itself and valuations will crumble, Shilling said. Shilling isn't new to calling market crashes. The economist correctly called the housing-market bust well before 2008, warning the sector collapse would drag the entire economy down with it. He also predicted the bond market rally just before it began in 1981 and has since praised such assets for their stability.

It’s so obvious that this is the last boom before the ultimate doom!

More likely rise by 40% 😎

At least that amount if Biden wins the election.

With so much dollar printed how will it fall? I think we need to rethink the valuation of each stock given so much dollar has come in the economy.

Y’all just keep rolling these guys out huh ?

This time though it will be the GreatDistression. Distress is causing economic collapse. COVID19, ClimateChange, Inequality, Poverty and Racism are all distressing us and leading to a malfunctioning economy. DrTomMartinPhD

So when are people going to realize the impact of the virus? one month!? one year!? ten years or maybe 100 yrs!?!?! 🤣🤣🤣🤣🤣 Thank you for the good laugh... Sorry the stock market isn't tanking under our administration. you guys must be really pissed! 🤣🤣🤣🤣🤣

Slow fall to the bottom I presume 🤔

got to wait till their stimulus shares are used up

The Fed will become the default NYSE Market Maker before that happens.

From his name alone I believe him

Definitely seems possible. The fed will likely jump in and scoop some at that point though.

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