"The bears are gone, extinct, vanished," writes John Hussman, with the only ones remaining being...

|By:, SA News Editor

"The bears are gone, extinct, vanished," writes John Hussman, with the only ones remaining being permabears or nutcases. "And yet, the historical evidence for major defensiveness has rarely been stronger." Capitulation is everywhere, he says, with even Alan Abelson telling investors to let profits run until stocks start to go the other way.