“‘Millions Of Households Will Have Their Retirement & Savings Destroyed’ — Grant Cardone Foresees Devastating Stock Market Plunge Of 50%”
May 9, 2024
“Real estate investor, Grant Cardone, issued a warning on May 5th regarding the stock market, posting on X: “WARNING: Stock Market is due for 50% correction taking S&P below 2674. Tens of millions of households will have their retirement & savings destroyed by being invested in stock market at these levels?”
…He emphasizes the compounded financial threat by suggesting that a 50% loss in retirement accounts, compounded by inflation, could equate to a total loss in purchasing power of 75%...”
https://finance.yahoo.com/news/millions-households-retirement-savings-destroyed-200953849.html