Market forecaster who predicted 2000 and 2008 crashes warns investors to brace for potential recession
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John Hussman, who predicted the 2000 and 2008 crashes, warns investors may want to "buckle up" ahead of a potential Q4 recession.
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Hussman believes the time to prepare for a recession is right now, 2-4 months before it starts.
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He has long warned stocks are overvalued and could plunge over 60% to reach fair value.
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Hussman contrasts with the stock market's resilience so far in 2022 amid Fed rate hikes.
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He criticizes the Fed's policies for economic imbalances that could spur a crisis.