Experts Warn of Potential 49% Market Crash as Nosebleed Stock Valuations Fuel Bubble Fears
• David Rosenberg said the 30% S&P 500 surge amid 4% earnings growth was a 1-in-10 event, and current "nosebleed" valuations are hard to justify even compared to the dot-com boom
• Paul Dietrich warned the S&P 500 could plunge 49% to its pandemic low if valuations revert to historical norms amid a recession
• Jeremy Grantham said stocks are priced to disappoint, compared the rally to pre-crash peaks, and sees a recession as likely once Fed hikes are felt
• Michael Hartnett said the buying frenzy in stocks, crypto, etc. has bubble characteristics like extreme valuations and narrow AI stock focus
• Larry Summers said asset stretches mean we're at least "at the foothills of bubbles," if not a million miles away from past peaks