Video · Fox Business · December 19, 2023
US economist predicts 2024 will bring 'biggest crash of our lifetime'
Dent forecast an 86% fall in the S&P 500 and 92% in the Nasdaq, calling 2024 the year of “the biggest crash of our lifetime”.
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- Kristen Altus · Journalist, Fox Business
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- Harry Dent · Author and economist
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foxbusiness.com
US economist predicts 2024 will bring 'biggest crash of our lifetime'
As Americans and the markets ready to enter the new year, financial author Harry Dent warns 2024 will bring the "everything bubble" to a burst "of a lifetime."
Quotes
„I think 2024 is going to be the biggest single crash year we'll see in our lifetimes.”„This is the one time I'm telling you, do not listen to your financial adviser.”What the index did
Nasdaq-100, level on the day of the warning: 16,812 (12/19/2023)
| 1 mo. after the warning | 3 mo. after the warning | 6 mo. after the warning | 12 mo. after the warning | to date | Largest drop within 12 months |
|---|---|---|---|---|---|
| +3.0% | +7.3% | +17.5% | +25.6% | +60.5% | −3.2% |