#BEAR Is the bear market coming for the U.S. stock market? Will the Dogecoin take off? American economist Harry Dent suggests that the U.S. stock market may experience a significant pullback, leading to a more severe collapse than investors saw during the Great Financial Crisis in 2008 and 2009.

This Harvard Business School alumnus has been predicting a major stock market crash and subsequent economic recession for years. Now, he has issued another warning about the market conditions.

Dengte said that the excessively loose monetary and fiscal policies of the past decade have pushed up asset prices, making the stock market look like a "bubble within a bubble".

Dent estimates that when the bubble finally bursts, the S&P 500 could fall by as much as 86% and the Nasdaq Composite could fall by as much as 92%. He said "hero" stocks like chipmaker Nvidia could fall as much as 98 percent, which would mean a multi-trillion-dollar market crash.