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Drew Angerer/Getty Images John Hussman is calling for a 65-70% drop in the S&P 500. He says he sees "fresh deterioration" in a key market indicator. His comments come as stocks sit at record highs amid euphoric investor sentiment. Investors are by now conscious of the heightened risk of a stock-market pullback in the near future, given the euphoric speculation that has continued to drive valuations upwards. Eighty-nine percent of financial professionals surveyed by Deutsche Bank earlier this month said that they saw bubbles in financial markets, and Bank of Ameri...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Market strategist Sven Henrich, who warned of the crash before it occurred in February 2020, says "we are staring at the largest valuations and technical disconnects ever." He said the difference between current price levels and exponential moving averages shows stocks are again due for a pullback. On February 20 last year, right at the market's top, Sven Henrich reiterated a warning. "From my perch this market is the most dangerous we've seen since 2000," H...