Diabolo

John Hussman: The Market Is Not in Uncharted Territory

Great graphs 70s stag survivor

I think we're at the same level of nov'29 where it rebounded off 200, though now that level should be 800.

Prob have a rebound, especially with a new president, new policies, new hope (the audacity of hope), before fizzling out as we discover more and more bad debts - which will be coming from various sources not yet taken into estimates.

Its gonna be painful... - the repricing of risk, rising bankruptcies, increasing unemployment.

I hope not a depression again, but its gonna be tough!