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Dave Collum, identified as a professor and financial commentator at Cornell University (Dave Collum), stated that while he rarely predicts a market crash, he is now calling for a devastating bear market. Collum added that the duration of such a market downturn is unknown but could potentially last for years or even decades.
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Collum previously surveyed investor opinions on potential equity market declines in the next major bear market in a recent article. He has also argued that gold and treasury yields may both rise in response to growing inflation, according to his commentary on inflation risks. These earlier comments frame his current warning on a possible prolonged market downturn.