Two experts warn stock market correction could total 60 percent

Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday. A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC’s “Power Lunch.” When this happens, he said, markets will face a “period of extreme turmoil.

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