Jeff Clark, Senior Analyst, GoldSilver.com MAY 22, 2020
1929… the 1970s… 2000… 2008… and now 2020?
In the biggest stock bear markets over the past nine decades, there was an initial crash… followed by a big bounce… and then a more severe selloff, a “second leg down” if you will.
Could it happen again?
As Mark Twain said, “history doesn’t repeat itself but it often rhymes.”
And some of the world’s most successful hedge fund managers are convinced a second drop is coming…
Billionaire David Tepper, considered one of the world’s most successful hedge fund managers, said last month that “stocks are the most overvalued I’ve seen in my career.”
Stanley Druckenmiller, whose net worth is $4.7 billion, says “the risk-reward for equities is maybe as bad as I’ve seen it in my career.”