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Latest | Highest ratedJohn Hussman: Avoid Being the Greatest Fool [View article]
John is simply taking the noise out of the markets, and is NOT “purposely mis-leading his readers.”
“In the classical sense”? Mutual Funds are not the same as hedge funds and the quote that John is referring to clearly says “Mutual Fund”.
You must be aware that the year 2000 was the last time margin debt was this high. And, while margins debt is high, it represents greed and in times like this I would hate to be “The Greatest Ravernon”.