Hussman FundsThese levels indicate the S&P 500 is likely to return around -5% annualized over the next 12 years, according to Hussman's math.
AdvertisementBy the time the current market cycle bottoms out, the S&P 500 could well have fallen by 50%-70%, Hussman said.
He predicted in 2000 that the S&P 500 would likely see negative total returns over the following decade, which it did.
He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009.
The S&P 500, by comparison, is up about 33% over the past year.
Persons:
—, John Hussman's, Hussman, he's, we've, Jeremy Grantham, Grantham, There's, David Rosenberg, Merrill Lynch's, Gary Shilling
Organizations:
Service, Hussman Investment Trust, Business, Exchange, Federal
Locations:
Miami