The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned.

https://finance.yahoo.com/news/extreme-bubble-stocks-end-tears-234325086.html

Do you think that the AI bubble will pop? Is entering the stock market dangerous right now?

10 points · 7 comments · view on lemmy.world

7 Comments

tyfi@wirebase.org · 10 pts · 3y (3 replies)

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/

BetaSalmon@lemmy.world · 5 pts · 3y (1 reply)
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Tenshi@lemmy.world · 1 pts · 2y

The literal broken clock

luk3th3dud3@feddit.de · 4 pts · 3y

Gotta keep your doom and gloom community happy

Janis@feddit.de · -4 pts · 3y (2 replies)

do you think s&p500 is regulated & transparent and you have similar knowledge as other gamblers like nancy pelosi?

i am sure it is a scam and the one who pays will be you.

abc@lemmus.org · 3 pts · 3y (1 reply)

Why do you believe S&P 500 is a scam?

Janis@feddit.de · -5 pts · 3y

well it is inflated. key decision makers in politics can trade....this is like turkey lite. so many reasons. https://www.marketwatch.com/story/eeek-why-i-dont-trust-sp-500-index-funds-especially-not-now-2020-08-10

i am sure it is a scam.