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'Grave danger': The world's biggest stock bear says it could take 30 years for stocks to be fairly valued a?? and says a 67% market loss is 'far more likely'

'Grave danger': The world's biggest stock bear says it could take 30 years for stocks to be fairly valued a?? and says a 67% market loss is 'far more likely'
Reuters / Cheryl Ravelo-Gagalac



John Hussman — the outspoken investor and former professor who's been predicting a stock collapse — says investors are locking in dismal returns "regardless of their investment horizon."




He says that it could take 30 years for GDP and corporate revenues to catch up to the S&P 500's current valuation. And that's in the highly unlikely scenario stock values sit still.




Hussman thinks that the S&P 500 is "far more likely" to lose two-thirds of its market value than the scenario above.




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At a time where stocks seemingly carve out fresh all-time highs on a daily basis, one would think that investors would be taking victory laps, high-fiving, and serving up champagne. After all, since bottoming in March 2009 the S&P 500 has enjoyed one of the most epic bull runs in history, increasing nearly fivefold in the process.
But not all think that party on Wall Street is going to continue. In fact, one renowned market bear says the music is about to stop and result in decades of pain.
That market bear is John Hussman, the former economics professor who is now president of the Hussman Investment Trust. And he's not coy in his assessment.
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