'An overextended market losing its engines': A notorious bear says tons of red flags are piling up around stocks — and doubles down on his call for a 65% plunge
, president of Hussman Investment trust, emphatically disagrees with that school of thought — and thinks the market slowly inching its way towards the edge of a cliff. It's a proclamation he's been making for years without success, but that hasn't deterred him from continuously reiterating similar themes.
He continued: "At present, our measures of valuations are breathtakingly extreme, and our measures of market internals are negative and divergent."One of Hussman's favorite go-to measures of valuation is currently tipping at levels last seen in the week leading up to the 1929 stock market peak.
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