Fund manager John Hussman says the current stock market condition “warrants unusual concern,” and is playing defense with his portfolio. “Based on a wide variety of evidence and its typical market implications over an ensemble of dozens of subsets of historical data, the expected return/risk profile of the stock market has shifted to hard-negative,” Hussman [...]
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Tag Archives: John Hussman
Hussman: Recession Now “Virtually Certain”
September 13, 2011
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Fund manager John Hussman says a new recession — and a Greek debt default — are now “virtually certain”. In his latest market commentary, Hussman says that the markets seem to be viewing the current situation as a replay of the 2010 correction, and are holding out hope that the Federal Reserve will launch another [...]
Read moreHussman: It’s Still a Secular Bear
May 16, 2011
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Top fund manager John Hussman remains quite bearish on the broader market, saying that investors who try to ride the market’s recent momentum are getting close to “ensur[ing] themselves maximum damage”. “We’ve certainly made our own adaptations to improve our ability to ‘go with the flow’ with a greater frequency, even in markets that appear [...]
Read moreBroader Outlook Gloomy, but You Can Still Make Money, Hussman Says
December 20, 2010
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Fund manager John Hussman says the broader market is priced to return significantly less than its historical average for the next decade — and says the government’s huge bailout of financial firms was not, as many believe, the reason the U.S. avoided a redux of the Great Depression. In his latest commentary, Hussman lists 12 [...]
Read moreHussman on Why QE2 Misses the Point
October 19, 2010
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Stocks have been on the rise recently, thanks in large part to speculation that the Federal Reserve will engage in more quantitative easing to spur the economy. But fund manager John Hussman says there’s just one problem with “QE2″: It addresses issues that aren’t actually the cause of the economy’s problems. In his latest market [...]
Read moreEconomy Isn’t Out of Woods, Hussman Warns
September 29, 2010
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While the National Bureau of Economic Research recently declared that the so-called Great Recession ended in June of 2009, John Hussman says that doesn’t mean the economic pain is over. In his latest market commentary for Hussman Funds, Hussman says that data cited by NBER itself shows that we may already be headed back into [...]
Read moreHussman Sees “Abrupt Collapse” Coming for Dollar
August 23, 2010
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In his latest market commentary, top fund manager John Hussman continues to express a bearish view, and says that more quantitative easing by the Federal Reserve is likely to trigger “an abrupt collapse in the foreign exchange value of the U.S. dollar”. Hussman offers something of a primer on exchange rates, and concludes by saying [...]
Read moreHussman: Market Still Overvalued
July 28, 2010
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John Hussman says technicals and fundamentals are battling it out in the market. And, while the former may take stocks higher in the short term, the latter will win out over the long haul, he says. “We continue to observe a clear deterioration in leading indicators of economic activity,” Hussman writes in his latest market [...]
Read moreHussman: Don’t Believe That Stocks Are Cheap
July 13, 2010
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While Liz Ann Sonders says stocks are undervalued using her computation of “normalized” earnings, fund manager John Hussman has a far different view. In his latest market commentary, Hussman says the S&P 500 is trading for about 40% above historical norms based on his own normalized earnings calculation. One apparent difference between Sonders’ and Hussman’s [...]
Read moreHussman Sounds Recession Bell
June 28, 2010
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Fund manager John Hussman is amping up his recession warnings, saying that, “based on evidence that has always and only been observed during or immediately prior to U.S. recessions, the U.S. economy appears headed into a second leg of an unusually challenging downturn.” Hussman recently noted that of the four pieces of his recession indicator, [...]
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