Why your 401(k) is safe from a 40% crash in stocks—but not a 10% to 15% correction, top analyst says

The recent euphoria surrounding the artificial intelligence mega-boom has led to massive concentration in the U.S. stock market, prompting fears of a catastrophic crash similar to the 2001 dotcom bust or the 2008 financial crisis. Many of these views have been aired recently on Scott Galloway and Ed Elson’s financial podcast, Prof G Markets, including a bearish stance from longtime bull NYU Stern finance professor Aswath Damodaran, who said the market was failing to price in a “potentially catastrophic” sc ...