John Hussman — the outspoken investor and former professor who's been predicting a stock collapse — thinks the market is in the midst of a "phase transition" which could soon approach a critical tipping point.
He says that current conditions could culminate in "severe market losses" to the tune of 50% to 65% over the totality of this market cycle.
Hussman thinks investors should "carefully consider their risk exposures" going forward.
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