John Hussman Latest Take on the Market

"That said, I can only describe our investment stance here as “uncomfortably defensive.” That is, the measures that have guided the performance of the Strategic Growth Fund over time are still holding to a defensive stance, which is admittedly uncomfortable with the market pressing strenuous but persistent overbought levels. It's a lot like watching people scale across a tenuously secured rope bridge and get a nice meal at the center. You'd like to climb across and join them, but you know that too many things aren't right with the bridge, and it's not clear that the people who are eating will ultimately survive."



Link

free golden parachutes for everybody but holders of usd

I'll throw in Kaplan the "true contrarian" he should be commended for buying into the november decline and the march decline and he has said there would be a big rebound but for the last 2 months he has been expecting a pullback to below 840 SPX (he is still long and has not sold anything) well he has remained steadfast in that belief during the rise and the last word friday was that we would still correct. I have asked him if he still thinks below 840.......No answer and no updates sent this weekend.

The fund is designed for conservative investors. I own HSTRX in both regular and IRA accounts and am pleased with Hussman's performance.

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