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Stock market crash: Valuations suggest a 66% drop and fragile recovery - Business Insider

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  • News: 7%
  • Publisher: 51%

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'There is no natural limit to the stupidity of Wall Street': A notorious market bear breaks down why we're not witnessing a recovery — and warns that extreme valuations suggest a 66% drop

. And as the stock market has continued to grind mostly higher, he's persisted with his calls, undeterred.

Predicted in March 2000 that tech stocks would plunge 83%, then the tech-heavy Nasdaq 100 index lost an "improbably precise" 83% during a period from 2000 to 2002.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Wall St is the investor class created when the FED wont let stupid people fail. The FED shovels unlimited cash to these idiots to be lost over and over again while creative, brilliant wage earners either figure out how to make a dollar out of 65 cents or die with no help.

He's right. The Fed will eventually lose control and then all hell will break loose.

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