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Time-Stamp of Speculative Euphoria

John Hussman Weekly Market Comment, 2/13/2017

"If there's any point in U.S. stock market history, next to the market peaks of 1929 and 2000, that has deserved a time-stamp of speculative euphoria that will be bewildering in hindsight, now is that moment."

https://www.hussmanfunds.com/wmc/wmc170213.htm

Comments

  • What's the word which is the opposite of "uplifting"? That would describe this article.

    It sure would have been nice to have seen the normal and customary 10% corrections more frequently over the past few years. The spring is wound very tightly.
  • If I remember correctly Mr. Hussman has been a permabear and missed the run up in stocks for years.
  • yes you remember correctly.

    He is perhaps not as bad as Henry van der Eb of the Mathers fund who I don't think has owned a single share of stock sine 1974!

    I lost a significant amount of money with Hussman when the marker turned down in 2008 ( you would expect he would have been bullish after 2008 ) and he has kept going down

    He writes brilliant pieces and has lots of reasons why stocks should drop but so far they aren't listening
  • He is expecting S&P gains being wiped out all the way down to 2000. Okay Hussman, thanks for my being my perpetual tax loss candidate year after year.
  • Someone had to take the torch from Steadman.
  • edited February 2017
    HSGFX lost .43% today. Puts it down over 4% year-to-date. But it's still early. Might still have a good year. Stranger things have happened.

    While I agree things are overvalued, you don't stop a runnaway train by lying down in front of it.
  • Great quote @Hank.
    While I agree things are overvalued, you don't stop a runnaway train by lying down in front of it.
  • With trains, actually, that's one sure way, working every time (once per person).
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