The S&P 500's January 2022 high was the top, and stocks will stay in a bear market below it until 2024.
Partly right ●●●●●
“I think the market has already topped, January 4th for the S&P 500, and we're heading down,”
- Said on
- 18 May 2022 · Kitco News interview with Michelle Makori; Kitco summarizes that markets "will continue in a bear market until 2024".
- Source
- Market crash to last until 2024; Gold to hit $900 before a rebound - Harry Dent · Kitco News
- Should come true
- 2024
- How sure they sounded
- I think
- Categories
- Markets
- Importance
- 3 of 5 · A multi-year US bear market would matter to investors and the economy.
Outcome
Partly right
Stocks did fall after he spoke, with the S&P 500 down about 25% from its January 3, 2022 high to an October 2022 low. But the bear market did not last until 2024: the index closed at a new record of 4,839.81 on January 19, 2024, surpassing the January 2022 high, so only part of the call held.
- https://www.opb.org/article/2024/01/19/the-s-p-500-surges-to-a-record-high-as-hopes-about-the-economy-and-big-tech-grow/
- https://www.kitco.com/news/article/2024-01-19/sp-500-trades-highest-level-ever-eclipses-jan-2022-intraday-record
History
- 2026-10-17 05:52:56 · created by claude
- 2026-10-17 05:52:56 · categorized by claude
- 2026-10-17 05:53:16 · scored by claude