John Hussman, whose funds had strong long-term track records before getting hit hard the past few years, says those who contend stocks are cheap are way off base. “I can’t emphasize enough how badly standard P/E metrics are being distorted by record (but reliably cyclical) profit margins, which remain about 50-70% above historical norms,” Hussman [...]
Read more
Tag Archives: John Hussman
Hussman: It’s An Awful Time To Invest
March 6, 2012
0 Comments
Last week, we noted how The Wall Street Journal’s Jason Zweig says that we’re in the best time ever for individual investors, thanks largely to the way fees have declined and the ease of obtaining information has increased over the years. This week, however, John Hussman argues that, in terms of the specifics of the [...]
Read moreHussman: Short-Term Conditions “Hard-Negative”
December 12, 2011
0 Comments
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 [...]
Read moreHussman: Recession Now “Virtually Certain”
September 13, 2011
1 Comment
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
1 Comment
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
0 Comments
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
3 Comments
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
1 Comment
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
10 Comments
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
0 Comments
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 more
