A trader is seen working on the bustling floor of the New York Stock Exchange (NYSE) in the vibrant city of New York, USA, on March 5, 2020. Witness the hustle and bustle of the trading world captured by Andrew Kelly/Reuters.
Prepare for a potential downturn in the stock market, as noted by the renowned investor John Hussman.
Hussman draws parallels between the current stock market conditions and the extreme levels seen before the crash of 1929.
He has previously mentioned that a market plunge of up to 65% would not catch him off guard.
The remarkable bull run in the stock market is on the verge of conclusion, with Hussman pointing out that overly optimistic investors have driven stock valuations to unprecedented levels in almost a century.
The president of the Hussman Investment Trust has issued another cautionary statement regarding stocks this week, challenging the prevailing strength in equities as of 2024. Despite the S&P 500 hitting multiple record highs this year and regaining momentum recently after a lackluster April, the current rally has been primarily fueled by investors’ impatience and fear of missing out.
2024-05-07 19:59:07
Link from finance.yahoo.com