Guggenheim's $240 Billion Man Says Nasdaq to Tumble Below 3,800

  • Scott Minerd predicts a bear market similar to 1987 or 1998
  • He sees the index, down 13% this year, falling that much again

Why Tech Shares Plunged in U.S. Trading

Technology stocks will tumble further this year as investors flee to safety and buyers stay on the sidelines, according to Scott Minerd, chief investment officer for Guggenheim Partners LLC.

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