Posted 10/17/2023, 11:20:00 AM
Hussman Warns Stocks in Historic Bubble, Sees Over 60% Crash Ahead
- Stocks are in a historic bubble and could crash by over 60%, John Hussman says.
- The markets guru says the S&P 500 looks very expensive and is priced to yield negative returns.
- Hussman agrees with another bubble expert, Jeremy Grantham, that a US recession appears likely.
- The gap between stock and bond returns is among the worst in history, Hussman warns.
- He blames the Fed for fueling over a decade of speculative investing.