"My sense is that investors remain disoriented about where they actually are in the cycle," says John Hussman.
"There's absolutely no assurance that an oversold market will not become decidedly more oversold," says John Hussman.
"A projected 50-65% market loss over the completion of this cycle is actually somewhat optimistic," says John Hussman.
John Hussman, president of Hussman Investment trust, thinks a 65% market crash will bring the S&P 500 back to "run-of-the-mill valuation levels."