Forecaster Gary Shilling Raises Red Flag Over Impending Stock Market Recession
Friday, 10 May 2024, 08:35
Legendary Forecaster's Warning
Seasoned forecaster Gary Shilling raises a red flag for investors, predicting a potential recession that could have severe implications for the stock market this year.
Predicted Downturn
Shilling points to weakening job market indicators and investor overconfidence as factors that could lead to a significant 30% drop in stock prices.
Concerning Signs
Shilling highlights the recent surge in risky assets like stocks and cryptocurrency as alarming, as such speculation historically precedes market corrections.
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