— the outspoken investor and former professor who's been predicting a stock collapse — is perplexed, frankly. He has a three-part list handy to explain why.
He added: "That combination holds us to a hard-negative market outlook, but it's also a flexible outlook." Still, not all aspects of Hussman's viewpoint are malleable — especially when it comes to valuations. In fact, by his measure, investors are currently grappling with "the most extreme valuations in history, which continue to imply a two-thirds loss in the S&P 500 over the completion of this cycle."
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