And the money quote;
Frankly, I've come to believe that the markets are no longer reliable or sound discounting mechanisms.
Wow.
Wikinvest Wire
Sunday, November 29, 2009
Hussman Posted Early
Hussman Funds - Weekly Market Comment
And the money quote;
Wow.
And the money quote;
Wow.
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3 comments:
I agree.
The market has been poorly priced since 1995. Hussman points to various bubbles that agrees with this mispricing. This will not go away because it is frustrating Dr. Hussman.
We are turning Japanese and will have low returns from equities over the next ten years according to Dr. Hussman. This is why I have advocated retirees take 2% or less from their portfolios for the foreseeable future.
We are currently in a cyclical bull market and I do not see it ending because it is frustrating market professionals - even geniuses like Dr. Hussman who I greatly respect.
SEG
If the market behaved rationally we would all be rich :)
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