abbottmd

John Hussman: Buying Near the Bottom

John-

It has become cliche to talk about pain being felt be Americans..... but has there really been that much pain? The malls seem full to me. Maybe I just expected things to look worse than they do now. Deep down, I wonder if we won't say a real bottom until we get a proverbial belt-tightening by the whole country. What we've had to date just seems like a deeper-than-usual bear market that a lot of people expect we'll just bounce back from. That double top in the long term S&P chart looks very ominous to me.

~abbottmd