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Stocks are not cheap, writes John Hussman, warning of the Street being "lulled into complacency"...

Stocks are not cheap, writes John Hussman, warning of the Street being "lulled into complacency" by record profit margins, and by comparison to the valuations during the late-90s bubble. Tossing both aside, he finds the S&P 40-70% above valuation norms, roughly the same level as reached at the beginning of the 1965 secular bear market. (see also)
Comments (3)
  • Ouch!.....http://yhoo.it/TmRLsz
    26 Nov 2012, 06:31 PM Reply Like
  • From the looks of the chart of HSGFX, it looks like John H has run aground. I sure would not be happy being a long term holder..

     

    Capt. Brian
    The Lost Navigator
    26 Nov 2012, 07:08 PM Reply Like
  • Gimme a break! Mr. Hussman's "Growth" fund is down 15% over the past 12 months. Meanwhile.. the S&P is up more than 20% over that same period. And I'm supposed to listen to what he has to say?
    26 Nov 2012, 07:47 PM Reply Like
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