The US is poised to see an epic stock market crash next year, according to Harry Dent.
AdvertisementThe stock market could be in for a steep correction, resulting in a crash even worse than what investors saw during the Great Financial Crisis, according to economist Harry Dent.
"Hero" stocks, like chipmaker Nvidia, could drop as much as 98%, he said, implying a multi-trillion market crash.
"We've got to see a crash of about 40% to say, okay, the bubble's finally let off the steam.
"This is really the second tech bubble version," he added, referring to the dot-com bubble in the 2000s."
Persons:
Harry Dent, —, Dent, We've, " Dent
Organizations:
Service, Harvard Business School, Nasdaq, Nvidia, Fox Business Network