‘Running toward the fire’: One expert explains how investors have created a scenario where a 50% market crash is ‘optimistic’
|07/21/2019||Posted by BusinessMediaguide.Com under General World News||
- John Hussman — the outspoken investor and former professor who’s been predicting a stock collapse — argues that catastrophe will strike the market because of a crucial misunderstanding around the impact of monetary easing.
- Hussman supports his overall bearish thesis by pointing out valuation metrics that are way out-of-whack and extraordinary central bank policies he finds troubling.
- He also reiterates his call for a 60% to 65% stock market crash.
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When stocks hit new all-time highs, conventional wisdom suggests that investor euphoria should be permeating far and wide.