Stock Market Outlook: Biggest Stocks Are a Ticket Into 'Purgatory'
The stocks most popular with investors risk plunging as much as 70% in value, market veteran Bill Smead warned.
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The stocks most popular with investors risk plunging as much as 70% in value, market veteran Bill Smead warned.
A slew of economic indicators are still in "deep recession territory," one market vet warned, and stocks are at risk of a big correction.
Smead Capital drew parallels between today's stock market and the Tulip Mania of 1636 and the South Sea Bubble of 1720.
Marko Kolanovic is focused on three bearish catalysts that could ultimately upend the stock market rally and lead to a sizable sell-off.
"I think that by the end of the decade we'll look back on it and say, it started out awful, but it ended up awfully good."