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'The unwinding of this bubble is going to be painful': A renowned stock bear says today's investors can expect negative returns for the next 12 years - and warns of a looming 66% stock plunge

11 days ago   |   By Business Insider

Summary List Placement
"Oh, man. The unwinding of this bubble is going to be painful."
That's what John Hussman - the former economics professor turned president of the Hussman Investment Trust who's known for his persistently bearish views - said in a recent client note in reference to today's stock market.
"I continue to expect the S&P 500 Index to lose two-thirds of its value over the completion of the current market cycle," he said. "That loss would not even breach historical valuation norms, but it would at least bring our estimates of long-term expected S&P 500 returns closer to...
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