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Stocks look like they’re in the most extreme bubble in history, investor John Hussman said.
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The legendary investor thinks stocks look as overvalued as they were in 1929 and in 2021.
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That means the market could be at risk for a steep correction, he said in a recent note.
Stock valuations look as extreme as they were in 1929 and 2021 before markets tanked, and investors are at risk of experiencing a steep crash, according to John Hussman.
The legendary investor who called the 2000 and 2008 market crashes cast another warning for the stocks this week as investors sent the market to all-time highs on the back of the Fed’s latest policy update that reiterated the outlook for rate cuts in 2024.
But that enthusiasm is putting the market in a precarious position similar to what was seen prior to the 1929 crash, or the market peak in 2021 ahead of the following year’s bear…
