'Likely to be excruciating': A notorious stock bear says investor reliance on Fed money-printing is misguided — and warns of more than 50% crash from current levels

· John Hussman — the outspoken investor and former professor who's long forecasted a stock collapse — thinks investors are making a tremendous error by putting blind faith in the Federal Reserve's ability to backstop markets.
· He notes that the outcome of the Fed's actions are heavily reliant on investor psychology and...