Why a legendary Wall Street permabear is suddenly sounding more upbeat
Business
It's a rare day when John Hussman , the legendary permabear who called the 2000 and 2008 crashes, expresses a degree of optimism about stocks. One of those days came this week, however, when Hussman published his monthly market comment. The president of the Hussman Investment Trust has been consistently bearish throughout the 2010s and 2020s, warning of potential drawdowns of 60% or more . While there have been rough patches for stocks during recent years — like the 35% S&P 500 COVID drawdown
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