Another collapse in the stock market may lead to a fall in the index S&P 500 to 1200 points, Bloomberg quotes the words of the investment Director of Guggenheim Investments Scott Meinerd. Expert draws attention to the fact that now the growth of indices is based only on on cash injections from the Federal Reserve. Current attitude the price to earnings on the stock market does not allow us to talk about any its intrinsic value, he notes. A well-known investor predicts a further fall in the S&P 500 Paul Singer - in his opinion, the index can reach 1700 points. The global economic downturn will be larger than the decline the current stock market, he believes, and the S&P 500 will drop by 50% from the maximum values ​​in February. Now many companies face the threat of closure, despite active stimulation in different countries of the world. Very difficult predict in what form recovery will take place global economy. Investors had to take this into account by as the pandemic expands, the investor points out.