The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned. Here are his 6 best quotes.
finance.yahoo.com
The asset-bubble expert and president of Hussman Investment Trust forecasts a frightening collapse in stocks, saying the current rally will "end in tears."
  • walter_wiggles@lemmy.nzEnglish
    11·
    1 year ago

    The AI bubble will pop just like the blockchain bubble.

    However the best time to buy SPY was yesterday, the next best time is today.

    • Greg@feddit.deEnglish
      1·
      1 year ago

      The distinction between blockchain and AI lies in their respective applications.

      While blockchain companies has been associated only with money laundering operations, it is important to note that AI has a much broader range (complete) of uses across various domains involving data.

  • drexy_rexy@programming.devEnglish
    8·
    1 year ago

    I wonder how many other crashes he predicted besides those two. It’s kinda like Michael Burry, that dude seems to predicting a collapse every week. My plan of “just keep buying and don’t worry much about it” seems to be working, and if it crashes 64% then cool, stuff will be on sale when I’m buying.

  • philluminati@lemmy.mlEnglish
    7·
    1 year ago

    The stock market is literally the only game in town. Bonds will retreat now inflation is reigned in so you can either make money on the stock market, or do nothing.