A notorious market bear who called the 2000 and 2008 crashes says stocks are set to suffer ‘profound’ losses as valuations remain at historic extremes — and dismisses the current rally as a ‘narrow and selective speculative blowoff’

A notorious market bear who called the 2000 and 2008 crashes says stocks are set to suffer ‘profound’ losses as valuations remain at historic extremes — and dismisses the current rally as a ‘narrow and selective speculative blowoff’