News@lemmy.worldEnglish · 8 months ago

S&P 500 is 'bizarrely overvalued' and could crash 49% as recession sets in, elite strategist says

markets.businessinsider.com

S&P 500 is 'bizarrely overvalued' and could crash 49% as recession sets in, elite strategist says

markets.businessinsider.com

3volver@lemmy.world to

News@lemmy.worldEnglish · 8 months ago

Paul Dietrich of B. Riley Wealth said the stock market "bubble" was about to burst and could slash the S&P 500's value in half.

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8 months ago
lol. Unprofitable companies are getting billion dollar IPOs and we are shocked at this prediction?

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