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The ‘worst of all possible worlds’: One renowned stock bear is crying foul on an increasingly vulnerable part of the market — and reiterating his call for a 65% crash

trader worried

  • John Hussman — the outspoken investor and former professor who’s been predicting a stock collapse — thinks the conventional wisdom surrounding equity-market valuations today is completely unjustified.
  • He warns of a massive unwind in “so-called investment-grade bond funds” if macroeconomic conditions deteriorate further.
  • Hussman also reiterates his call for a 65% stock market crash and says that it would bring the S&P 500 to “run-of-the-mill valuation levels.”
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In 2019, investors have put the old “you can’t have your cake and eat it too” mantra to bed. Both stocks and bonds are up double digits.

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Source:: BusinessInsider.Com