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‘Wall Street has gone completely mad’ — One market bear forecasts a decade of stock losses





trader angry yelling shouting

  • By multiple measures, US equity valuations are close to the highest on record.
  • Investor and former professor John Hussman doesn’t think this is a sustainable situation, and forecasts that stocks will see negative returns over a 12-year period.
  • Hussman’s perma-bearish views have seen mixed success in the past, and a good number of Wall Street strategists are bullish on US stocks through 2018.

As the equity bull market has climbed into rarefied air, investors have continuously come up with new ways to rationalize the rally.

Right now, they like to cite earnings growth, which has expanded for several quarters after read more >>>

Source:: BusinessInsider.Com

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