The market is going to crash 60%

[Rivoli]

John Hussman who called the dot com bust's analysis.

John P. Hussman on Twitter - his thread explaining

Investors are staring at the bleakest future since the Great Depression — here's why one market bear thinks a crash could wipe 60% from stocks

deleverage and hoard cash

discuss

 

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[mikey3times]

He said the same thing five years ago...

John Hussman: The market may tank like a stone going over a cliff

 

[InspireHD]

This guy started talking about this 60% drop since January, if not longer, and it still hasn't happened. I don't have a lot to say, but just because someone has graphs and a lot of words doesn't necessarily mean they know anything. But, he might be right. I don't know.

So many people try to predict these crashes over and over. Eventually, someone is bound to be right. If you flip coins long enough, you're bound to get heads a few times in a row. When you keep making market calls, someone is bound to be right a few times in a row and be called a genius. In actuality, they are just one of a hundred who made these predictions and came out ahead.

If you go into the market with the mindset that you're buying businesses, then your goal is to buy those businesses at a cheap price. That's the trick.