David Roskoph

John Hussman: Avoid Being the Greatest Fool

John, I too am amazed at the belief that market moves are always fundamentally justified. Especially after the great route of a mere seven years ago. Now, however, I believe the bullies of the hedge fund word have the ability to move the markets (or support them) just enough to squeeze out their lessers while the crowd wonders what happened. It has never been more of a zero sum game and the market never more than a mere battleground.