Stock markets to crash 90% this year, followed by best buying opportunity in lifetime – Harry Dent
The greatest financial downturn ever will happen this year, and investors will be taking the “biggest risk of [their] life” if they don’t sell now ahead of a complete market wipeout, said Harry Dent, founder of HS Dent Publishing.
Speaking to Michelle Makori, editor-in-chief of Kitco News, Dent said that risk assets will sell-off in waves, with the first wave seeing markets drop as much as 40% and the entire bear market phase totaling up to a loss of 90% for the S&P 500, not unlike what happened to tech stocks during the Dot Com Bubble bust of 1999.
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0:00 – Boom and bust
3:22 – 90% market crash
15:47 – Investment implications
18:21 – Treasuries, demographics
20:45 – Cryptocurrencies
25:59 – Emerging markets
30:33 – Inflation/deflation
33:23 – Gold
#stocks #HarryDent #investing
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