No. of Recommendations: 6
“My impression is that investors are presently enjoying the double-top of the most extreme speculative bubble in US financial history,” legendary investor John Hussman wrote in a recent note. Hussman predicted the 2000 and 2008 market crashes.
He also predicted the 2001, 2002, 2003, 2004, 2005, 2006, 2007, and 2009-2020 market crashes.
Hussman's market commentary has always been a model of seriousness and erudition. It has made a strong impression on me because it has been so unflinchingly wrong for so long. It is shocking for me to consider that my career as an investor has coincided with a period without a single buying opportunity!
To me Hussman represents an inverted version of the "value trap," in which "fair value" becomes an ever-receding mirage that ultimately exists only in your head.
Baltassar
