Need to Know: This year is lining up exactly like the 2000 dot-com bubble crash “” stocks will drop 40% from here, former Goldman manager says

Need to Know: This year is lining up exactly like the 2000 dot-com bubble crash “” stocks will drop 40% from here, former Goldman manager says

This year is lining up exactly like the 2000 dot-com bubble crash - stocks will drop 40% from former Goldman manager says. Billionaire investor Warren Buffett's gloomy remarks about airlines have also caught investors' attention, as his company Berkshire Hathaway reported a near $50 billion loss in the first quarter and is sitting on a $137 billion cash pile .. April produced the best monthly gains for the Dow Jones Industrial Average and S&P 500 in 82 years - after the worst first quarter in history - but May's bad start looks set to continue on Monday with futures down.. In our call of the day, former Goldman Sachs analyst Will Meade said the rest of the year looked even worse for stocks, predicting a 40% drop over the rest of 2020.. Meade said the year was lining up to be "exactly like" the 2000 dot com bubble crash.. "The Nasdaq in 2000 did a similar bear market bounce as stocks this year - dropped 40%, then bounced 42% off the bottom retracing 61.8% of its drop.. The fact Warren Buffett was hoarding a "record amount of cash," as he did in 2000, was another sign of what's to