Stock Market Crash in 2024
Harry Dent’s Prediction
Prediction about the Stock Market Crash in 2024 is rumoring around, a famous economist Harry Dent predicts that stock markets will badly crash in the coming years.
Harry Dent told Fox News Digital, ” The next year is so bad for us. Stock markets crash so badly in a single crash, that will be the biggest crash of our lifetime.”
“Printing unprecedented money it about $27 trillion in 15 years approximately, it has been 100% artificial, deficits and money since 2009. This is out of the box, which means that we are in a critical situation.”
“I’m the only one who prays, this will not happen but the others are doing nothing. At this time we need to warn the central bank and send them a message about this situation clearly.”
“My opinion is that this is a lesson we will never need to revisit. I don’t think that will happen again in our lifetime and we’ll ever see this bubble again”
Dent’s career is spent analyzing private research and basically, an excessive stimulus program and overvalued markets are predicted.
Recently stock market showed growth in Graf show upward and fulfilled the expectations of investors. But Dent still stands on his claim that recently everything that the market has shown is a “bubble” and it will burst next year.
The term used in the market known as bubbles is characterized by a sudden rise in stock price just before it falls sharply. The economist picks that the starting of this bubble actually after COVID-19 at the end of 2021. and when NAQ is at 38% down.
Next year will bring a first wave. it is just b wave of crash. Dent also said. “that the roaring 20’s bubble did not harm everything. In 2008 the sector of real estate bubble. Urban real estate and stock was a bubble.”
“I’m telling you only one time, that don’t listen to your adviser in financial aspects, this crash is no way to correct, things are not normal in few years and we see they maintain a specific level. it touches the level above the ’29 to ’32 level. which one is a red line for investor anybody endured that would have shot their stockbroker.”
“It’s going to 96% downward in crypto,86% in S&P, and 92% in NASDAQ it is a big deal.”
“The real estate sector is the only one which reaches it low as in 2012. but cutdown almost 50% average infor house, it’s hurt’s peoples mostly, in history more than any time great depression.”
Stock Market Crash 2024, “If my calculations are right you may see its start in May obviously, it is the biggest crash of history and most of it you see in 2024.”
“At the highest level of valuation, you only exit for 6 to 12 months, you may lose more profit if I’m wrong. With my right assessment, you will save your investment and after a year or half year you can reinvest in low price and make a significant profit.”
