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."
  • walter_wiggles@lemmy.nzEnglish
    12·
    1 year ago

    The AI bubble will pop just like the blockchain bubble.

    However the best time to buy SPY was yesterday, the next best time is today.

    • Greg@feddit.deEnglish
      1·
      1 year ago

      The distinction between blockchain and AI lies in their respective applications.

      While blockchain companies has been associated only with money laundering operations, it is important to note that AI has a much broader range (complete) of uses across various domains involving data.

  • drexy_rexy@programming.devEnglish
    10·
    1 year ago

    I wonder how many other crashes he predicted besides those two. It’s kinda like Michael Burry, that dude seems to predicting a collapse every week. My plan of “just keep buying and don’t worry much about it” seems to be working, and if it crashes 64% then cool, stuff will be on sale when I’m buying.

  • philluminati@lemmy.mlEnglish
    7·
    1 year ago

    The stock market is literally the only game in town. Bonds will retreat now inflation is reigned in so you can either make money on the stock market, or do nothing.

    • xyzOPEnglish
      24·
      1 year ago

      What about crypto?

      • 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_rexy@programming.devEnglish
        2·
        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.