A high concentration of warning signals suggest a major market correction ahead, John Hussman said.
AdvertisementA growing tally of ringing market alarms suggest the S&P 500 has at last reached its speculative peak, permabear John Hussman wrote on Monday.
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 significantly over the period.
Persons:
John Hussman, —, Hussman
Organizations:
Service, Hussman Investment, Dow