Framed that way, it's less a prediction than a statement of the cyclical nature of economies, but it can still grab headlines!
Crashes don't have to be big and the recovery doesn't have to take years or even decades.
Wait, there are significant sources that don't acknowledge the existence of a deep and sharp pandemic related downturn?
A lot of them talk about crap like the price of gold, the use of BTC as a hedge, PE ratios, "technicals", candlesticks, simple moving averages, charts, commodity prices, QE, negative bond rates, near-zero interest rates and the like. Some get political even, talking about presidents or policies they don't like and why they'll cause a crash.
Its pretty easy to weave a story around ill-defined feelings, because none of these things determine the market trajectory. You can be 100% correct in your facts and/or analysis of the present but still make terrible predictions of the future.
The permabears always have a good story. They're really good at making stories for why the crash is going to really happen this year.
:D
See also: all those revolutionary stories like cancer cure, that happen to only work in mice for now and will probably never work in humans, but we still click on those
https://www.bloomberg.com/news/articles/2021-08-23/evergrand...
https://www.nytimes.com/2021/08/10/business/economy/china-ev...
/s
And then a year after that there are articles saying, "Why isn't Congress fixing this obvious thing that only makes the very rich richer and always leads to economic disaster?"
And then a year after that, there are articles saying the next crash is coming....
I started paying attention to market crash predictions in 2009.
I’ve been seeing them nonstop since the early 80s, and I suspect I would have seen them earlier except that my media consumption before elementary school was fairly constrained.
