Market Guru Forecasts Recession and Prolonged Bear Market Ahead
• Market veteran Jon Wolfenbarger forecasts a bear market and recession ahead
• Points to indicators like falling earnings, inverted yield curve suggesting downturn
• Yield curve inversion length implies a recession lasting at least a year
• Deteriorating earnings outlook, overvalued tech stocks signal market vulnerability
• Investor "irrational exuberance" reminiscent of 2000 tech bubble crash