Posted 3/15/2024, 12:42:00 PM
Strategist Warns S&P 500 Could Plunge 49% as Market Overvalued and Recession Looms
- S&P 500 could plunge 49% as valuations normalize and recession hits, says strategist Paul Dietrich
- Market is "bizarrely overvalued" based on metrics like high P/E ratio, low dividend yield, Buffett Indicator over 180%
- Gold price surge signals investors taking cover from expensive stocks and struggling economy
- Smart money selling stocks at record highs indicates trouble ahead
- Mild recession could spark 49% drop from current overvalued levels