New Delhi, Oct. 18 -- Zoho founder Sridhar Vembu on Saturday joined a growing number of voices expressing concerns over the stability of global financial markets, saying gold is also flashing a big warning signal.

In an X post, the founder of Chennai-based software company said that he agrees with the former IMF chief economist Gita Gopinath's recent analysis of the US markets in The Economist.

"The US stock market is in a clear and massive bubble. The degree of leverage in the system means that we cannot rule out a systemic event like the global financial crisis of 2008-9," Vembu said in a post.

The 2008 global financial crisis was a severe economic downturn caused by the collapse of the US housing market, which was triggered by the w...