05-11-2020

This year is lining up exactly like the 2000 dot-com bubble crash — stocks will drop 40% from here, former Goldman manager says


This year is shaping up exactly like the 2000 dot-com bubble crash and stocks will drop a further 40%, a former Goldman Sachs manager has warned.

April produced the best monthly gains for the Dow Jones Industrial Average DJIA, -1.58% and S&P 500 SPX, -1.04% in 82 years — after the worst first quarter in history — and May has so far got off to a bad start.

Former Goldman Sachs analyst Will Meade said the rest of the year looked even worse for stocks, predicting a 40% drop over the rest of 2020.

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Author: Monetary Gold