SEP 25, 2017
ORIGINAL SOURCE: Bubble Mindset by John P. Hussman, Ph.D. of hussmanfunds.com on 9/25/17
Hussman has it that investors believe they are in a comfortable environment of sweet market returns and very little volatility but beneath the surface, It's the single most overvalued point in the history of the U.S. stock market.
excerpt:"I fully expect the completion of the current market cycle to wipe out the entire total return of the S&P 500, in excess of Treasury bill returns, all the way back to 2000, and more likely to roughly October 1997"
Please read the rest here; Bubble Mindset