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The S&P 500 is at risk of plunging 44% to around a four-year low, Paul Dietrich said.
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The top strategist explained that selling stocks well before they crash can yield outsized returns.
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Dietrich predicted a mild US recession this year based on multiple warning signs and threats.
The stock market may be headed for a 44% crash — and getting out early could pay off, Paul Dietrich said.
B. Riley Wealth Management’s chief investment strategist moved his clients out of stocks and into bonds in 2000, and from stocks to cash, bonds, and gold in 2007, he recalled in his April market commentary.
Dietrich’s clients missed out on massive run-ups in stocks over the next year or so. But they also escaped staggering blows from the ensuing collapses of the dot-com and housing bubbles.
They wound up netting…
