S&P 500 Will ‘Easily’ Top 8,000 Before Historic Crash, ‘Black Swan’ Fund Manager Says

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Mark Spitznagel, founder of Universa Investments, built his reputation protecting investors from market crashes. Now the Universa Investments founder says the S&P 500 will "easily" top 8,000 in one final euphoric rally before plunging 80%. SPDR S&P 500 ETF Trust(NYSE:SPY) climbed 1.3% Monday, leaving the index less than 4% from his target. What Happened "Let me just say, I'm pretty f—ing bullish," Spitznagel told Puck in an interview published Sunday. Spitznagel said he has been bullish for four years and still sees a "helluva rally" ahead as investor psychology swings toward euphoria. Then comes the reversal.