AdvertisementJohn Hussman, the president of the Hussman Investment Trust who called the 2000 and 2008 market crashes, isn't shy about his characterization of the current market environment.
The first piece of evidence Hussman cites is valuation, specifically the total market cap of non-financial stocks to total value added of those stocks.
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 32% over the past year.
Persons:
John Hussman, —, It's, Mike Wilson, Michael Kantrowitz, Lance Armstrong, Hussman, Armstrong, David Walsh
Organizations:
Service, Hussman Investment Trust, Tour de France, Hussman, Intelligence, Labor
Locations:
Irish