"For the uninitiated, Hussman has repeatedly made headlines by predicting a stock-market decline exceeding 60% and forecasting a full decade of negative equity returns. And as the stock market has continued to grind mostly higher, he's persisted with his calls, undeterred.
If Trump is elected, the stock markets will collapse!!
I have ten bucks tied up in Powerball futures. I hope I don’t lose it all.
These liberals WANT THE MARKET TO COLLAPSE...cheering our destruction. Piss off, eh!
Before the Great Recession, stock returns were on average ten per cent a year, bonds five percent. With interest rates so low, I don’t see bonds making a decent return for the next five years. Stocks, thanks to Trump’s policies but facing the headwind of a Dem Congress, should deliver twelve percent for the same period.
Theres always a crew of kranks offering a story like this at any given time. Always.
Sometimes insightful, but antisemitic taint
What happens if the masses revolt and Americans refuse to live like illegal aliens in their own country?
Then open border investors get worried!
It seems as if there is a coordinated attempt to “talk down” the economy by sowing scare stories throughout the media.
If the so-called investment guru didn’t correctly predict the Trump surge, I won’t listen to them.
Here is Hussman’s original column. It’s dense with facts and figures. Maybe somebody smarter than me can figure out what kind of portfolio he’s suggesting to avoid this apocalypse.
https://www.hussmanfunds.com/comment/mc181128/
Only in an exaggerated state due to the recent bull market.
Debt to income ratios. Over-priced real estate. Sovereign debt. Crazy derivatives. Lack of savings. Consumer over-extension. Relatively slow growth. Irrational exuberance.
But I won't.
As if this guy knows half of what, of market consequence, will happen in the next 12 years.
Well, hopefully climate change will take out most of us first. We’re doomed no matter what happens. With Trump wanting a wall built, it is now looking as though Mexicans aren’t going to be the majority in the U.S by 2035 as it has been being predicted and celebrated on the boob tube for the past 20 years by the white psychomedia kiddies.
On one hand, Hussman is completely brilliant. With his prose. His assessments of markets is of negative value, however. He is and has been 100% wrong. Not 99%. He’s even more wrong than Dennis Gartman.
He has probably made zero since the bottom of the markets in 2009 because the market has ALWAYS been grossly over priced, overvalued, overbought.
In the decade or so since I first heard of him, he’s never been bullish for one second. You can go look at anything he has written over the past decade. He is not gloomy bearish, he’s just “you’ll make nothing if you buy here because it’s badly overpriced and one day the universe will wake up and ascribe the correct value to all these things”.
The leftist Business Insider is doing its best to help tank the economy.
It’s like the Indian rain dances. Eventually, you know, it’s going to rain. At which point the knowing ones will look at the doubters and say, “See?”
The biggest problem we have financially is REAL: we spend more than we take in and are refusing to discharge debt we have accumulated.
That’s it. That is the absolute and real danger we face. There is nothing...NOTHING more dangerous to our national well being than that. Nearly every single thing that could happen that is bad for us stems from that fundamental, undeniable fact.
But nobody seems to care. So we are all going to ride this ship wherever it takes us, even if it ends up being the stern of the Titanic sliding into the water.
Yeah, I looked him up...permabear of sorts...Was saying stocks overvalued by 100% in 2014...
I suspect that his followers missed out on a lot of gains.
However, even broken clock is correct twice a day...Hope he is wrong on this tho.
Best to remember that the main concern of economic prognosticators is their personal economic condition.