- By an increasing number of measures, US equity valuations are at the highest on record.
- Investor and former professor John Hussman doesn’t think this is a sustainable situation, and forecasts that stocks will lose two-thirds of their value from current levels.
- Hussman is an outspoken market pessimist who’s sounded the alarm on equity valuations repeatedly in recent months.
- He argues that while psychological factors can keep valuations high in the near-term, the long-term forecast for the market will involve an unavoidable major selloff.
One of the stock market‘s most outspoken bears is at it again.
That would be John Hussman, the president read more >>>