Legendary Investor Warns Stocks Face 12 Years of Weak Returns Amid Unsustainable Rally and High Valuations
• Stocks could see poor returns for the next 12 years as the recent rally looks unsustainable, per legendary investor John Hussman
• Hussman pointed to signs of overvaluation, with metrics showing stocks as highly priced as before the 1929 crash
• He believes the rally is fueled by investors' "fear of missing out" rather than fundamentals
• Hussman warned the S&P 500 could face weak-to-dismal returns over the next decade and deep losses overall
• Meanwhile, recession risks persist, yet individual investors are the most bullish on stocks since 2007