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