Markets Insider: Prepare for Stocks to Plummet 30% - And a Recession to Strike Any Day Now, Legendary Market Prophet Says
Article by Theron Mohamed in Markets Insider
Prepare for stocks to plunge by a third and a recession to strike imminently, a legendary market forecaster has warned.
"I've been of the opinion that stocks — and I came out with this forecast early last year — would decline about 30% to 40% peak to trough," Gary Shilling, the president of A. Gary Shilling & Co., told "The Julia La Roche Show" in an interview aired this week.
"You'd have a further decline of about 30% from here to get that 40% overall decline, peak to trough," he said.
Shiller's forecast suggests the ......