S&P 500 Falls 86% From the Top, Bottoming by Mid-2025
Harry Dent, June 2024: 'We're Going to See the S&P Go Down 86% From the Top, and the Nasdaq 92%'
Still waiting on his 2024 crash, the forecaster raised the stakes: the 'bubble of all bubbles' would bottom between early and mid-2025, taking Nvidia down 98%.
What was said
“I think we're going to see the S&P go down 86% from the top, and the Nasdaq 92%.”
— Harry S. Dent Jr. (economist, financial author and newsletter publisher) · said Jun 4, 2024 · due Bottom between early and mid-2025
The S&P 500 gained more than 16% in 2025, its third straight year of strong gains, according to CNN.
The fine print
Interview with Fox News Digital, published June 10, 2024. He added: 'A hero stock like Nvidia, as good as it is, and it is a great company, [goes] down 98%. Boy, this is over.' Fox Business: 'The only edit to Dent's prediction is the timing, noting market bottoms are likely to show sometime between early to mid-2025.'