One market bear says stocks will plunge 67% after surging to ‘breathtakingly extreme’ valuations
- 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