Posted 1/2/2024, 11:46:00 AM
Market Forecaster Gary Shilling Warns of Possible 40% Stock Crash Amid Everything Rally
- Market prophet Gary Shilling warns the "everything rally" in stocks, crypto, etc. will end disastrously
- Points to Treasury volatility, commercial real estate weakness, and retail investor hype as red flags
- Legendary forecaster has warned S&P 500 could plunge nearly 40% and a recession is coming
- Notes rampant speculation and compares current tech stocks to doomed "Nifty Fifty" of the 1970s
- Advises investors to sell stocks and short or bet against speculative assets like SPACs and crypto