(Photo by Mario Tama/Getty Images)
- Asset-bubble expert John Hussman has issued another dire warning: the S&P 500 could crash 64% from current levels.
- The famously bearish investor said extreme equity valuations and "unfavourable market internals" will trigger the slide.
- Such a slump will lead to the collapse of "the most extreme yield-seeking speculative bubble in U.S. history," he said.
John Hussman is doubling down on his dire outlook for US stocks, even after the market defied recession predictions to notch some impressive gains this year.