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John Hussman: S&P Could Drop By 66% Of January 2022 Peak
- In his recent market commentary titled – Pushing Your Luck, John Hussman explains why the S&P500 could drop by two thirds of its January 2022 peak.
- The present combination of extreme valuations and unfavorable market action creates a “trap door” of downside risk for the financial markets.
- Likewise, the persistence of extreme valuations – in the absence of the causes and conditions that encouraged those extreme valuations – creates risk.