3volver@lemmy.world to

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

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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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Blue_Morpho@lemmy.world
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8 months ago
That’s what they are paid to do. Big fund takes a short position, then pays analysts to produce stories to make their short position profitable.

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