Goldman ‘Bear Market Indicator’ Nears Record High: “No Limit To The Stupidity Of Wall Street”

Sunday, November 11, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sun, 11/11/2018

“Get used to this kind of volatility,” warns Hussman Funds’ John Hussman in his latest comment.

“Unfortunately, the moment interest rates hit zero, [historical risk and valuation] limits vanished, and preemptively responding to speculative extremes became terrifically detrimental.”

“Presently, neither valuations nor internals are favorable, and that is what opens up a trap door under the market.”

Goldman aggregated these variables in a signal indicator, and took each variable and calculated its percentile relative to its history since 1948. What it found is that, heuristically, the odds of a bear market at this moment, are in the 73% percentile.

The Rest…HERE

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