“Stocks are [behaving] very much like that rebound in 1929

where there is absolute conviction that the virus will be under control and that massive monetary and fiscal stimuli will reinvigorate the economy,” he said, adding that the market could drop as much as 40% over the next year.

 A. Gary Shilling again delivering a gloomy take on what’s next in a recent CNBC interview.

MarketWatch 6 July 2020

- I am convinced that the housing bubble is gigantic and will burst before long with massive implications here and abroad. In fact, it's the key to the global economic outlook.

Det skrev Gary Shilling den 17 november 2006.

1929 with good charts