Money and Finance
- Hussman Weekly Market Comment: The Journeys Of Sisyphus
Link to: The Journeys of Sisyphus As we discussed several months ago, that hope of succeeding rests on what economist J.K. Galbraith called “the extreme brevity of the financial memory.” Part of that brevity rests on ignoring the forest for the trees,...
- John Mauldin's Outside The Box: Converging On The Horizon - By Ed Easterling
The end is near! Stock market history and earnings cycle history are converging. As a result, the market is likely to be down for the year 2011 or 2012. If not, then it will have been different this time. Crestmont’s research focuses primarily on long-term...
- John Mauldin's Outside The Box: Game Changer - By Ed Easterling
Investors are confronting the reality of the current secular bear market. It is both the consequence of the previous secular bull market and the precursor to the next secular bull. The duration of the current secular bear period is uncertain. Should inflation...
- The Characteristics Of A Bear Market Rally
From Jeremy Grantham’s October 2003 Letter: I concede that bear market rallies are a fairly nebulous concept because you cannot be sure what they were until later – the only proof of a bear market rally is that you go to a new low in the not too distant...
- Hussman Weekly Market Comment: Don't Mess With Aunt Minnie
Over the years, I've noted that certain subsets of market conditions - occurring together - are associated with very specific outcomes, such as oncoming recessions, abrupt market weakness, strength in precious metals, and so forth. Such indicator...
Money and Finance
Hussman Weekly Market Comment: Anatomy of a Bear
As veteran market analyst Richard Russell has noted, investors often equate the concept of a bear market with the expectation that prices will continuously fall. Indeed, if you think back to the 2000-2002 bear, or the 2007-2009 bear, that is probably the memory that those bear markets invoke. In fact, however, those bear markets can be seen on a smaller scale as a constant process of hope and disappointment, with periods of risk-seeking abruptly punished by fresh waves of risk-aversion. This can make it very difficult to live through a bear market day-after-day with a clear sense of the larger picture.
- Hussman Weekly Market Comment: The Journeys Of Sisyphus
Link to: The Journeys of Sisyphus As we discussed several months ago, that hope of succeeding rests on what economist J.K. Galbraith called “the extreme brevity of the financial memory.” Part of that brevity rests on ignoring the forest for the trees,...
- John Mauldin's Outside The Box: Converging On The Horizon - By Ed Easterling
The end is near! Stock market history and earnings cycle history are converging. As a result, the market is likely to be down for the year 2011 or 2012. If not, then it will have been different this time. Crestmont’s research focuses primarily on long-term...
- John Mauldin's Outside The Box: Game Changer - By Ed Easterling
Investors are confronting the reality of the current secular bear market. It is both the consequence of the previous secular bull market and the precursor to the next secular bull. The duration of the current secular bear period is uncertain. Should inflation...
- The Characteristics Of A Bear Market Rally
From Jeremy Grantham’s October 2003 Letter: I concede that bear market rallies are a fairly nebulous concept because you cannot be sure what they were until later – the only proof of a bear market rally is that you go to a new low in the not too distant...
- Hussman Weekly Market Comment: Don't Mess With Aunt Minnie
Over the years, I've noted that certain subsets of market conditions - occurring together - are associated with very specific outcomes, such as oncoming recessions, abrupt market weakness, strength in precious metals, and so forth. Such indicator...