FYI: While stocks staged a remarkable comeback from Monday’s deep decline, they still closed in the red. A day later, and the sellers are back at it.
Long-suffering market bears, like John Hussman, have to be savoring this kind of action. After all, when things turn south, Hussman’s fortunes turn north.
In fact, riding the cred he earned from calling prior market collapses, his assets under management swelled to almost $7 billion. Now, however, after years of underperformance, that figure stands at a fraction of what it once was.
Hussman’s flagship $312-million Strategic Growth Fund HSGFX, +0.17% , which focuses on “the protection of capital during unfavorable market conditions,” has had a rough go of it during this relentless bull market, shedding almost 9% a year, on average, since 2014, according to Morningstar.
Regards,
Ted
https://www.marketwatch.com/story/ho-hum-a-65-market-plunge-would-be-run-of-the-mill-fund-manager-says-2019-05-07/print
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