John Hussman

John Hussman

John Hussman: Profit Margins: Is the Ladder Starting to Snap?

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Earnings Insight Markets Outlook
Since mid-2014, the broad market as measured by the NYSE Composite has been in a broad sideways distribution pattern, with an increasing tendency in recent months for advances ...
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Monetary Policy and the Economy: The Case for Rules Versus Discretion

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Insight Markets Monetary Policy Outlook portfolio management
Monetary Policy and the Economy: The Case for Rules Versus Discretion by John Hussman, Hussman Funds Last week, the Federal Reserve Open Market Committee (FOMC) began its statement ...
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John Hussman: Extremes In Every Pendulum

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Insight Markets Outlook
by John Hussman, Hussman Funds Whether or not it is fully appreciated, we are observing extremes in nearly every pendulum of the global financial markets. The situation is ...
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John Hussman: What Does That Difference Mean?

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Insight Markets Outlook
by John Hussman, Hussman Funds We continue to observe one of the most overvalued, overbought, overbullish syndromes in the historical record, combined – and this feature is central ...
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John Hussman: Plan to Exit Stocks in the Next 8 Years? Exit Now.

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Insight Markets Outlook
by John Hussman, Hussman Funds Unless we observe a rather swift improvement in market internals and a further, material easing in credit spreads – neither which would relieve ...
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Why Being a Permabull or Permabear Never Makes Sense

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Insight Markets Outlook Risk Management Sentiment Strategy
by Cullen Roche, Pragmatic Capitalism There’s a strong tendency in the financial markets to live in the extremes. That is, we often draw a line in the sand. ...
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The Problem with Intuitive Investing

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Insight Markets Outlook
by Ben Carlson, A Wealth of Common Sense “Hundreds of studies have shown that wherever we have sufficient information to build a model, it will perform better than ...
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John Hussman: Extreme Overvaluation and the Inventory Problem

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Insight Markets Outlook
by John Hussman, Hussman Funds Last week’s advance had the earmarks of a short-squeeze, featuring a low-volume advance to marginal new highs on a number of indices including ...
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John Hussman: Expect a Decade of 1.7% Portfolio Returns from a Conventional Asset Mix

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Insight Markets Outlook portfolio management
by John Hussman, Hussman Funds Friday’s employment report showed a 257,000 increase in January non-farm payrolls. This news was followed by a spike in Treasury yields up to ...
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Market Action Suggests Abrupt Slowing in Global Economic Activity

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Insight Markets Outlook
by John Hussman, Hussman Funds The combination of widening credit spreads, deteriorating market internals, plunging commodity prices, and collapsing yields on Treasury debt continues to be most consistent ...
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John Hussman: Is Q-ECB a Favorable Development?

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Economy Europe Insight Markets Outlook QE
by John Hussman, Hussman Funds Last week, the ECB announced that it will begin a new program of quantitative easing on March 15 – a delay that allows ...
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John Hussman: QE and the ECB: "Authorize" is a Slippery Word

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Europe Insight Markets Outlook QE
John Hussman, Hussman Funds Last week, the Swiss National Bank abandoned its attempt to tie the Swiss franc to the euro. For the past three years, the SNB ...
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Guy Haselmann: "Sour Grapes II"

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Bond Market Credit Markets Insight Interest Rates Markets Outlook
Sour Grapes II by Guy Haselmann, Director, Capital Markets Strategy, Scotiabank GBM ·      To successfully trade financial markets, it is often helpful to know where you have been ...
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A Better Lesson than "This Time is Different"

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Insight Markets Outlook
by John Hussman, Hussman Funds In June, we completed a very challenging transition in our methods of classifying market return/risk profiles. That transition started with my 2009 insistence ...
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John Hussman: Pills for Cognitive Dissonance in a Speculative Bubble

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Markets
by John Hussman, Hussman Funds In the 1950’s, Stanford psychologist Leon Festinger developed the theory of cognitive dissonance, describing the psychological conflict that results from holding two opposing ...
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