The Dow Is Roaring Back – But One CIO Is Calling for a 50% Crash
The Dow bounces back after diving 1,861.82 points – nearly 7% – on Thursday. ING says the U.S. economy is exhibiting “hints” of a V-shaped recovery, though that might not translate into a snapback in GDP. Some on Wall Street remain skeptical, and Guggenheim CIO Scott Minerd believes the stock market could crash another 50%. […]
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