Meanwhile, corporate CEOs are registering their lowest levels of confidence since the 2008 financial crisis, and a majority of corporate CFOs expect the U.S. economy to be in recession by the second half of 2020, per two other recent surveys.
John Hussman, an investment manager and former professor, is another prominent bear. "Look, I expect the S&P 500 to lose somewhere between 50-65% over the completion of the current market cycle," he told BI in another report.
While Hussman is derided by some as a "perma-bear" for calling stocks overvalued and headed for a crash during much of the current decade-long bull market, he has had some notably correct bearish calls in the past. He predicted the dotcom crash of 2000 to 2002 and the bear market of 2007 to 2009.
John Hussman, an investment manager and former professor, is another prominent bear. "Look, I expect the S&P 500 to lose somewhere between 50-65% over the completion of the current market cycle," he told BI in another report.
While Hussman is derided by some as a "perma-bear" for calling stocks overvalued and headed for a crash during much of the current decade-long bull market, he has had some notably correct bearish calls in the past. He predicted the dotcom crash of 2000 to 2002 and the bear market of 2007 to 2009.
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