Friend of the site Gary Shilling is making waves with his latest forecast on an additional 20-21% drop for the S&P 500 from its currently depressed level. You can hear him for yourself in two weeks.
Gary Shilling will be Scott Martin's guest at the Wealth Advisor 2nd Annual Model Portfolio Summit on October 18th. Click the registration button below to attend and then chat with Gary and learn more about his prediction.
People are talking about Gary's latest Insight Report, where he notes that stock is still expensive as a 40% bear market plays out in the face of what could become a long recession.
Doing the math, that's stacking a bear on top of the bear we have now. He's waiting for "buy the dip" to finally evaporate and turn into old-fashioned capitulation.
Fair-weather investors, in his view, need to give up. If that means your clients, you have some serious conversations ahead.
The people we'll be talking to have potential solutions. Gary isn't shy about setting up the problem.
If you want to stay in the business, you owe it to yourself to keep your eyes open. We hope to see you there.
