That's the view of John Hussman, president of the mutual fund Hussman Investment Trust, seasoned investor, and Stanford University economics PhD. Hussman says you can expect the S&P 500 to return no more than 1% on average over the next decade. Sooner than that, he predicts, the stock market may plunge as much as 60%.
Hussman, who once managed a nearly $7 billion mutual fund
, calls the current environment “the most broadly overvalued moment in market history." And he says investors shouldn't expect much in returns from stocks or bonds.http://fortune.com/2017/03/09/stock-market-sell-bubble/