Money and Finance
- Links
William Cohan catches up with Jamie Dimon [H/T Will] (LINK) Dan Harris on Charlie Rose discussing his book, 10% Happier (video) (LINK) Philosophical Economics - Introducing the Total Return EPS Index: A New Tool for Analyzing Fundamental...
- Hussman Weekly Market Comment: Formula For Market Extremes
Link to: Formula for Market Extremes Market extremes generally share a common formula. One part reality is blended with one part misguided perception (typically extrapolating recent trends as if they are driven by some reliable and permanent mechanism),...
- Hussman Weekly Market Comment: A Textbook Pre-crash Bubble
Investors who believe that history has lessons to teach should take our present concerns with significant weight, but should also recognize that tendencies that repeatedly prove reliable over complete market cycles are sometimes defied over portions of...
- Hussman Weekly Market Comment: A Reluctant Bear's Guide To The Universe
In recent years, I've gained the reputation of a "perma-bear." The reality is that I'm quite a reluctant bear, in that I would greatly prefer market conditions and prospective returns to be different from what they are. There's no question...
- Hussman Weekly Market Comment: Borrowing Returns From The Future
Two aphorisms regularly become popular during speculative periods in the market. One is the statement by John Maynard Keynes that "the market can stay irrational longer than you can remain solvent." The other is Warren Buffett's remark that "a pack...
Money and Finance
Hussman Weekly Market Comment: Confidence and Enthusiasm
The present confidence and enthusiasm of investors about the ability of monetary policy to avoid all negative outcomes mirrors the confidence and enthusiasm that investors had in 2000 about the permanence of technology-driven productivity, and in 2007 about the durability of housing gains and leverage-driven prosperity. Market history is littered with unfounded faith in new economic eras, and hopes that “this time is different.” Those periods can be difficult, at least for a while, for investors who are less willing to abandon evidence and lessons of history, not to mention basic principles of economics and valuation. We endured similar discomfort in periods like 2000 and 2007, before hard reality set in.
- Links
William Cohan catches up with Jamie Dimon [H/T Will] (LINK) Dan Harris on Charlie Rose discussing his book, 10% Happier (video) (LINK) Philosophical Economics - Introducing the Total Return EPS Index: A New Tool for Analyzing Fundamental...
- Hussman Weekly Market Comment: Formula For Market Extremes
Link to: Formula for Market Extremes Market extremes generally share a common formula. One part reality is blended with one part misguided perception (typically extrapolating recent trends as if they are driven by some reliable and permanent mechanism),...
- Hussman Weekly Market Comment: A Textbook Pre-crash Bubble
Investors who believe that history has lessons to teach should take our present concerns with significant weight, but should also recognize that tendencies that repeatedly prove reliable over complete market cycles are sometimes defied over portions of...
- Hussman Weekly Market Comment: A Reluctant Bear's Guide To The Universe
In recent years, I've gained the reputation of a "perma-bear." The reality is that I'm quite a reluctant bear, in that I would greatly prefer market conditions and prospective returns to be different from what they are. There's no question...
- Hussman Weekly Market Comment: Borrowing Returns From The Future
Two aphorisms regularly become popular during speculative periods in the market. One is the statement by John Maynard Keynes that "the market can stay irrational longer than you can remain solvent." The other is Warren Buffett's remark that "a pack...