Three Delusions: Paper Wealth, a Booming Economy, and Bitcoin
This guy expects a market loss of about -65%, which would send the S&P 500 back down to 900. He also expects negative total returns over the next 12 years.Of course, his Strategic Growth Fund has not only underperformed its benchmark (the S&P 500 index), the fund actually has negative returns over the past 1, 3, 5, and 10 year periods[1].Losing money in this market is a truly remarkable feat.[1]: https://www.hussmanfunds.com/strategic-growth-fund/