The stock market will go down 80% ‘when this is over,’ says bearish investor Mark Spitznagel

Spitznagel still believes we haven’t entered the main event and the recent stock-market plunge is just a ‘trap’
One of Wall Street’s most notoriously pessimistic — and successful — investors, Mark Spitznagel, said the stock-market plunge that’s followed President Donald Trump’s tariff rollout isn’t the epic market crash he has been calling for, but rather the turmoil along the way to the big event.

“I expect an 80% crash when this is over. I just don’t think this is it. This is a trap,” he wrote in commentary to MarketWatch on Monday, adding that when the real crash happens, investors will know it.

Source : https://www.marketwatch.com/story/the-stock-market-will-go-down-80-when-this-is-over-says-bearish-investor-mark-spitznagel-692f56df