As stocks sit near new multi-year highs, many investors regret ever heeding the warnings of the skeptics, bears, and outright doomsayers.
Nevertheless, Wall Street's most well-known naysayers continue to warn that we are only increasingly exposing ourselves to risks as the U.S. national debt passes $16 trillion and the Federal Reserve's unconventional monetary policy takes us into uncharted waters.
We compiled a list of the most notorious bears who relentlessly pound the table with their warnings as the markets continue to soar.
One characteristic that seems universal among the bears is their use of colorful language.
RICHARD RUSSELL: Something Evil And Bearish Is Bubbling In The Guts Of This Market
Title: Author of the Dow Theory Letters
Notable call: Back in May, Russell warned that Dow Theory – a popular stock market technical indicator – was confirming a "primary bear market signal." Russell favors hard assets like gold and collectibles. And he has stood by the his calls even as risk assets continue to rally. Recently, he warned "Something evil and bearish is bubbling in the guts of this market."
Read more about Russell here >
FELIX ZULAUF: We Will Probably See 1,000 In The S&P Again
Title: Manager, Zulauf Asset Management
Notable call: Like many, Zulauf is concerned about the impact of easy monetary policy around the world and that all of it will lead to the end of fiat money. In a recent interview, he warned that the Government bond bull market was over and that the S&P 500 would see 1,000 within the next two years.
ALBERT EDWARDS: The Vice-Like Grip Of The Bear Will Soon Squeeze The Hope From Their Gasping, Broken Bodies
Title: Strategist, Societe Generale
Notable call: Edwards thinks that the U.S. is already in recession and that China is heading for a hard landing. He recently told a French newspaper that the S&P 500 could reach its lowest level seen in March 2009: 666.
Read more about Edwards here >
See the rest of the story at Business Insider
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