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Stock market is a 'bubble' that will likely 'end in tears,' Scott Minerd says

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Scott Minerd, Global Chief Investment Officer at Guggenheim Partner, at the 2020 World Economic Forum in Davos, Switzerland on Jan. 21st, 2020.
Adam Galica | CNBC

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Guggenheim Partners Global CIO Scott Minerd continued to sound the alarm about the stock market on Thursday, telling CNBC that the recent selloff could be just the start of a roughly 50% decline. 

"The recent highs have been a selling opportunity, and I think we're going to have a tough slog here, especially with the increasing number of Covid cases that are coming up as a result of the reopening," he said on "Closing Bell." 

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