60 minutes | May 24, 2021

Harry Dent expects the market to get cut in half, and soon

Market forecaster Harry S. Dent Jr. says the next stock market crash -- which he thinks could hit as early as the next six weeks -- will be a 50 percent decline in two to three months, but he says that the decline is a re-set needed to pass a bubble and that the carnage will be over by late in 2022 or 2023. 'The upside is limited, the downside is somewhere between 65 and 80 percent on stocks,' he says in an extended Big Interview. Dent says that Bitcoin has been 'the best leading indicator of the market,' and he notes that if Bitcoin's mid-April peak holds up -- and the crypto is down about 50 percent since then -- then the market would be due to start its significant fall by the end of June. Also on the show, David Trainer of New Constructs discusses a new and different way that some companies are hiding some troubling numbers from investors, and Chuck talks about the various forms of risk and how investors -- even nervous ones -- want exposure to all of them.
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