John Hussman believes the markets are so overvalued now that we can expect a 60% decline from here…[and in his original article he] presents a total of seven charts to make a compelling case.
The comments above and below are an edited and abridged synopsis by bmgbullion.com of an article by Mish in reference to the original article by John Hussman.
Most people ignore Hussman because they don’t like his message. Certainly, it’s not the message Wall Street wants you to hear. Some know full well the stock market is in a bubble but they expect they will get out on time. A few might manage but, in aggregate, most won’t because they are too busy believing for the third time in 17 years that “It’s different this time.”
Indeed, many of my readers think the “Fed won’t allow another major stock market decline” (that’s the message Wall Street wants people to believe. It’s also the message people want to believe.) but, if the Fed could prevent bubbles from popping, why did we have two crashes already?
I don’t know when this bubble will burst, nor does anyone else but, the bigger the bubble, the louder the pop.
munKNEE should be in everybody’s inbox and MONEY in everybody’s wallet!
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