‘There is no natural limit to the stupidity of Wall Street’: A notorious market bear breaks down why we’re not witnessing a recovery — and warns that extreme valuations suggest a 66% drop

John Hussman — the outspoken investor and former professor who’s long been skeptical of stocks — says that the economy isn’t recovering in a traditional sense. It’s the government that’s propping things up. Due to an improvement in market internals, Hussman is “agnostic” in his market view. However, he notes that extreme valuations suggest a 66% drop in stocks.  Click here to sign up for our weekly newsletter Investing Insider. Click here for more BI Prime stories.

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