Gary Shilling, a respected forecaster, warns of an impending recession that could result in a notable correction in the stock market. Shilling emphasizes the weakening job market and the ripple effects it could have on investor sentiment and stock valuations. The forecast paints a cautionary picture as economic indicators point towards potential downturns, urging investors to prepare for a volatile market environment. The looming risks and uncertainties surrounding the economic outlook highlight the need for strategic risk management and proactive decision-making in response to the predicted economic changes.