John Hussman — the outspoken investor and former professor who's been predicting a stock collapse — says investors are locking in dismal returns "regardless of their investment horizon."
He says that it could take 30 years for GDP and corporate revenues to catch up to the S&P 500's current valuation. And that's in the highly unlikely scenario stock values sit still.
Hussman thinks that the S&P 500 is "far more likely" to lose two-thirds of its market value than the scenario above.
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