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.
From Yahoo! Finance: 2024-06-16 16:31:01
Stocks are at record highs, but some predict a bubble is about to burst. Forecasters like Harry Dent warn of a crash that could slash stock values by over 50%. Capital Economics predicts the S&P 500 could rally 20% before a steep correction to 6,500. Elite investor John Hussman believes stocks could plunge up to 70% once the bubble pops, and Richard Bernstein warns that overvalued large-cap stocks could see significant losses. UBS points out that the market is showing signs of a bubble, with warning signs flashing. Despite the warnings, some believe the market could resemble the 1997 bubble, not 1999.
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