Economist Warns 'Crash Of A Lifetime' Is Coming, Predicts S&P 500 To Plummet '86% From The Top'
Portfolio Pulse from Piero Cingari
Economist Harry Dent warns of an impending 'crash of a lifetime,' predicting the S&P 500 to plummet by 86% and the Nasdaq by 92%. He highlights the prolonged 14-year bubble, driven by artificial economic stimulus, and forecasts significant declines for top-performing companies like Nvidia. Dent also predicts a severe drop in real estate prices, advising investors to seek refuge in safe bonds.
June 10, 2024 | 7:07 pm
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NEGATIVE IMPACT
Harry Dent forecasts Nvidia Corp. (NVDA) to fall by 98% as part of the broader market crash he predicts.
Dent's prediction of a 98% drop in Nvidia's stock price indicates a severe negative impact, driven by the anticipated bursting of the economic bubble.
CONFIDENCE 85
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Harry Dent predicts the S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), will plummet by 86% due to the bursting of a prolonged economic bubble.
Dent's prediction of an 86% drop in the S&P 500 suggests a significant negative impact on SPY, which tracks the index. The prolonged bubble and artificial stimulus are key factors.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100