Harry Dent: U.S. stocks will experience an epic plunge, and Nvidia will evaporate 98%!

According to Fox Business, Harry Dent, an American economist and founder of HS Dent Investment Management, warned in December last year that a once-in-a-lifetime crash was coming. In his latest interview I have not changed my view, the bubble has not burst yet, but what is about to usher may be a bigger crash than the 2008 financial tsunami: the bubbles formed between 1925 and 1929 were natural bubbles with no stimulus or artificial stimulus behind them, but this time it is a new one situation, this has never happened.

Injecting additional money into the economy for good could actually boost the overall economy in the long term. But we'll only see that when the bubble bursts, and again, this bubble has been going on for 14 years.

Most bubbles don't last 5 to 6 years and this one was extended, so you have to expect a bigger crash than 2008-09.

U.S. stocks will face an epic crash, Nvidia plummeted 98%

U.S. stocks have continued to hit new highs in recent years. The Nasdaq Composite Index has soared more than 16% so far this year, and the S&P 500 Index has soared. It has risen by more than 13%, while the Dow Jones Industrial Index has risen by 3%. AI chip giant Nvidia has risen by more than 152% so far this year, and its market value has exceeded the US$3 trillion mark.

But Harry Dent predicts that when the bubble finally bursts, the S&P 500 index may fall 86% from the top, and the Nasdaq Composite Index may fall 92% from the top. Although Nvidia is a hero stock , is a great company, but Nvidia stock will drop 98% and it will all be over.

Harry Dent’s only modification was the timing of the crash, noting that the market bottom could occur sometime between early to mid-2025.

had suggested buying Bitcoin

Harry Dent recommended investors to withdraw funds from the stock market in December last year because he believed that "the bubble of all bubbles" would burst. He also said at the time , if he had to have a new investment target, he would choose Bitcoin: Bitcoin is the leading industry with the most serious bubbles at this stage...it will collapse.

Bitcoin is down over 70%, but we haven’t experienced a recession yet, such is its volatility.

Bitcoin has fallen the most, but if I can buy one when it's near the bottom in two or three years, I will buy Bitcoin.

The above is the detailed content of Harry Dent: U.S. stocks will experience an epic plunge, and Nvidia will evaporate 98%!. For more information, please follow other related articles on the PHP Chinese website!