This John Hussman, the guy that continually predicted a crash during the strongest bull run in stock market history?
2010: “Investors dangerously underestimate the risk of an abrupt and possibly severe equity market plunge.”
2011: “the expected return/risk profile of the stock market has shifted to hard-negative.”
2012: “The present menu of investment opportunities continues to be among the worst in history.”
2013: “stock returns prospectively are very low.”
2014: “What concerns us beyond valuations is the full ensemble of overvalued, overbought, overbullish conditions.”
2015: “Exit now.”
2016: “current extremes imply 40-55 percent market losses…. These are not worst-case scenarios, but run-of-the-mill expectations.” 2017: “the most broadly overvalued moment in market history.”
2018: “The music is fading out, and a trap-door has opened up in the floor, but they’re still dancing.”
2019: “a projected 50-65 percent market loss over the completion of this cycle is actually somewhat optimistic.”
Source: https://rpseawright.wordpress.com/2020/01/02/forecasting-follies-2020/
Huh? It’s just greedy owners. Don’t overthink it