Will US stock market crash next year?

The US is poised to see an epic stock market crash next year, according to Harry Dent. The ultra-bearish economist pointed to signs that the bubble in asset prices is reaching the top. The bust could send the US into a depression, he warned.

What will happen if the 'hero' stock bubble bursts?

When that bubble finally bursts, Dent estimates that the S&P 500 could lose as much as 86% in value, while the Nasdaq Composite could lose as much as 92%. "Hero" stocks, like chipmaker Nvidia, could drop as much as 98%, he said, implying a multi-trillion market crash. "This thing has gotta blow.

What happened to Nvidia stock?

Stock futures slipped Monday morning after polishing off a winning week on Friday. Dow Jones Industrial Average futures fell by about 0.2%, while S&P 500 futures and Nasdaq 100 futures ticked fractionally lower. Nvidia stock, increasingly a market driver of late, was also down in premarket trading.