The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

The danger of a bear market.
The danger of a bear market.

The man who foresaw the 2008 crash now says stocks are in a ‘highly advanced’ bubble

While many bullish market watchers believe that stocks are now fully valued, the bears see bubbles.

John Hussman, head of Hussman Funds and one of the grizzliest bears in the U.S. landscape, makes the case against stocks remarkably clear.

“Make no mistake – this is an equity bubble, and a highly advanced one,” he said in his latest weekly market commentary. “On the most historically reliable measures, it is easily beyond 1972 and 1987, beyond 1929 and 2007, and is now within about 15 per cent of the 2000 extreme.”