HUSSMAN: I Think The Stock Market Is Crashing… MARK D. COOK: The Signals Now Point To A 30% Downturn… El-Erian: Global Economic Slowdown Remains a Concern
Investmentwatchblog.com
October 27th, 2014
Fund manager John Hussman of the Hussman Funds has been one of the most vocal bears on Wall Street for the past few years.
The market has continued to rise strongly in the face of these warnings, which has clobbered Hussman’s reputation and performance. But those who are loud and early/wrong on Wall Street are always ridiculed … unless/until the trend changes. At that point, they become one of the heralded few who were “right.”
For the past six months or so, Hussman has been increasing the volume of his warnings about a potential market crash.
In this week’s note, Hussman shares his view that the market’s sharp rally over the past seven trading days is not likely the resumption of a rocketship bull market that began in 2009, but a standard bear-market rally.
Specifically, Hussman believes that the market rolled over a month ago and is now in the process of crashing.
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