Next Stocks' Crash Could Wipe Out 50% Of Market Value

New York (May 29)  The next stocks bear market is coming and it could be on the same scale as past recessions we have seen, including the one in 2001, this according to Bob Thompson, senior vice president and portfolio manager at Raymond James.
“40% to 50% is normal as far as market drops are concerned for the general markets,” Thompson told Kitco News. “Nobody can believe it, but that’s just the normal sort of even that happens because at the end of any bull market the frothiness is so much that people just don’t believe that it’s ever going to go down again.”

KitcoNews