Yichiro Chino/Getty Images A recession will hit in 2024, according to Paul Dietrich, chief investment strategist of B. Riley. Even a mild recession could spark as much as a 40% stock crash, Dietrich told Business Insider. That's because the market is looking the most overvalued since the dot-com craze of 2001, he said. A recession will likely strike in 2024, and even a mild economic slowdown could send stocks plunging, as investors are playing in one of the most overvalued markets in over twenty years.That's according to Paul Dietrich, the chief investment strategist of B.
A Recession In 2024 Would Burst The Biggest Stock Bubble Since The Dot-com Craze, Sending The Market Down 40%, Veteran Strategis
jsor@businessinsider.com (Jennifer Sor), Business Insider
Fri, 02/23/2024 - 8:30am
Topics: we we yichiro chino/getty images nvidia s&p wall street cme fedwatch atlanta fed the biden it nasdaq composite york fed great financial crisis i dietrich paul dietrich b riley business insider dietrich fed stock market dot-com craze economy overvalued year fall warned quarter told slowdown spark unemployment crash cuts trouble shows money gdp current peak-to-trough growth today tech job
BING NEWS:
- The stock market's bull rally could last another 5 years, but it'll end in a 'spectacular bursting of a bubble,' veteran tech investor Gene Munster says
The stock market's current bull rally could last for another 5 years, according to tech analyst Gene Munster. Munster said a new crop of AI companies will go public and drive a boom in the stock ...
05/19/2024 - 1:31 am | View Link - From a 65% stock market crash to an imminent recession, here's a roundup of recent high-profile bear forecasts
and stock market are doing just fine. Here's a roundup of the most recent bearish forecasts coming from Wall Street. Wall Street veteran Gary Shilling told Business Insider this week that he ...
05/11/2024 - 10:12 pm | View Link - The AI boom reminds this expert of the dot-com bubble — with one dangerous difference
Startups rode the internet wave while Big Tech companies are leading the AI charge, meaning if their stocks crash then far more investors will be hit.
05/4/2024 - 10:07 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more