Posted 12/20/2023, 5:30:00 PM
Economist Predicts 86% Stock Market Crash, 50% Housing Decline by 2024 While Goldman Forecasts Modest Gains
- Economist Harry Dent forecasts an 86% crash in the S&P 500 and a 92% crash in the Nasdaq in 2024
- Dent warns it will be the "biggest single crash year we'll see in our lifetimes"
- Dent predicts a 50% housing market crash to 2012 lows, hurting people more than stocks
- As a safe haven, Dent recommends Treasury bonds over gold
- Goldman Sachs disagrees, forecasting just 7% S&P 500 upside in 2024 on interest rate cuts