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Michael Pento: S&P To Drop By 40% When Recession/Deflation Arrives?

Wealthion - Be Financially Resilient

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The S&P 500 Makes NoSense Historicalally

I cannot predict the reaction function of the Federal Reserve that will truncate any such decline. If you ask me what point would the S&P 500 make sense historically speaking if market forces were allowed to take it there, you're talking about around 3000. You're talking about a 33% or more 30 to 40% drop in the averages. I'm not going to sit here and be dogmatic and say we're going to 3000 I said I was going 3000 but that's where they would go.

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