More from Hussman: While the sell-off in stocks gives the S&P a bit more value in his models...

|By:, SA News Editor

More from Hussman: While the sell-off in stocks gives the S&P a bit more value in his models - a 5.5% annual return over the next decade - bear markets usually don't end until the market offers 10%, and secular bears don't end until prospective returns hit 20%!. Just getting to 10% would require an S&P in the mid-800s.