A notorious market bear who called the 2000 and 2008 crashes says stocks face the same 3 negative conditions they did in November 2021— and warns the 25% drop that followed will prove to be a ‘small opening act’ of what’s to come

• John Hussman warns that valuations, investor sentiment, and market technicals are poor right now.
• He believes that the combination could mean weakness for stocks in the days ahead.
• Hussman said stocks could end up falling 64% peak-to-trough this market cycle.

John Hussman — the notorious bubble sage who called the stock market crashes in 2000 and 2008 — says there’s a special cocktail of market conditions right now that spell trouble. 

It’s three main ingredients? High valuations, poor investor sentiment, and overextended market technicals.