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."
    • Onfire@lemmy.worldEnglish
      6·
      1 year ago

      Crypto has no value…it’s pure speculation and hype. Coming from someone who owns bitcoin, eth, and others.

      • I_Miss_Daniel@kbin.social
        1·
        1 year ago

        It had value for a time as an instant transfer system, but this prompted the banks to catch up with PayID, Osko etc. It still has a possible value the same as gold or any other verifiably scarce item does, as a medium of transfer. An energy inefficient one in some cases.

    • drexy_rexyEnglish
      1·
      1 year ago

      You’re allowed to speculate on crypto if you’ve maxed out your retirement savings options, have stable housing, and don’t carry credit card debt…those are the rules.