Stock prices now look as overvalued as they did in 1921 and 2021 before the subsequent crashes, the expert said. The U.S. stock market soared to new all-time highs on a wave of player optimism, buoyed by recent confirmation from the Federal Reserve of plans to cut the key rate this year. It's a common pattern for stocks to reach a speculative peak before starting to collapse, the investor reminded.
Stock market at risk of sharp crash – legendary investor
The stock market has formed the most extreme bubble in history, which may lead to its sharp collapse. Legendary investor and president of Hussman Investment Trust John Hussman, who predicted the crashes of 2000 and 2008, warned about it, Business Insider reports.
Stock prices now look as overvalued as they did in 1921 and 2021 before the subsequent crashes, the expert said. The U.S. stock market soared to new all-time highs on a wave of player optimism, buoyed by recent confirmation from the Federal Reserve of plans to cut the key rate this year. It's a common pattern for stocks to reach a speculative peak before starting to collapse, the investor reminded.
Stock prices now look as overvalued as they did in 1921 and 2021 before the subsequent crashes, the expert said. The U.S. stock market soared to new all-time highs on a wave of player optimism, buoyed by recent confirmation from the Federal Reserve of plans to cut the key rate this year. It's a common pattern for stocks to reach a speculative peak before starting to collapse, the investor reminded.