From Yahoo Finance:

Legendary investor John Hussman has issued a warning that stocks are in the most extreme bubble in history, comparing their overvaluation to that of 1929 and 2021. His firm’s measure, the ratio of nonfinancial market capitalization to gross value-added, is at its highest level since the 1929 crash. Hussman believes that this speculative bubble may not end well for investors, and he predicts a possible steep crash ahead. Despite the market hitting all-time highs, he remains bearish on the outlook and suggests a defensive stance for traders. Investors are urged to exercise caution in the current market climate.



Read more at Yahoo Finance: Stock valuations mirror the extremes of 1929 and the market is at risk of a steep crash, legendary investor John Hussman says