'Wall Street has gone completely mad' -- One market bear forecasts a decade of stock losses

AP Images / Kathy Willens By multiple measures, US equity valuations are close to the highest on record. Investor and former professor John Hussman doesn't think this is a sustainable situation, and forecasts that stocks will see negative returns over a 12-year period. Hussman's perma-bearish views have seen mixed success in the past, and a good number of Wall Street strategists are bullish on US stocks through 2018. As the equity bull market has climbed into rarefied air, investors have continu...