icandoitdon

John Hussman: Waiting for Investor 'Capitulation'

whidbey has it right. those looking for capitulation are likely to never see it. this is a unique environment, with large variations in almost all asset classes. cash pays nothing. commodities are a speculative bubble. real estate is still declining and will not revisit old peaks for years. credit has dried up. economic growth is ebbing everywhere. consumers are on life support. with that backdrop, low returns are likely for the foreseeable future in nearly all asset classes. winners in this environment are more lucky than good.

having said that, all could change quicky if oil were to recede significantly. when/if it breaks ill be investing with both fists...until them i'll stay where i've been for most of the last year....on the sidelines waiting to pick through the wreckage.

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