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this post was submitted on 30 Jul 2023
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This John Hussman, the guy that continually predicted a crash during the strongest bull run in stock market history?
2010: “Investors dangerously underestimate the risk of an abrupt and possibly severe equity market plunge.”
2011: “the expected return/risk profile of the stock market has shifted to hard-negative.”
2012: “The present menu of investment opportunities continues to be among the worst in history.”
2013: “stock returns prospectively are very low.”
2014: “What concerns us beyond valuations is the full ensemble of overvalued, overbought, overbullish conditions.”
2015: “Exit now.”
2016: “current extremes imply 40-55 percent market losses…. These are not worst-case scenarios, but run-of-the-mill expectations.” 2017: “the most broadly overvalued moment in market history.”
2018: “The music is fading out, and a trap-door has opened up in the floor, but they’re still dancing.”
2019: “a projected 50-65 percent market loss over the completion of this cycle is actually somewhat optimistic.”
Source: https://rpseawright.wordpress.com/2020/01/02/forecasting-follies-2020/
One day he’ll be right, and use that as his claim to fame for the rest of his life.
The literal broken clock
Gotta keep your doom and gloom community happy