In an overbullish, overbought, overvalued market, fund manager John Hussman offers the following commentary about what typically happens after the final peak is made:
“In general, the initial decline from these peaks tends to occur as a sharp 6-10% market drop over a handful of weeks, typically followed by a partial recovery attempt toward the prior peak. This sort of activity both before and after major peaks gives the market the impression of near-term ‘resilience’ that dilutes the resolve even of investors who know the history of these things.”
A similar pattern was found in 1929, 1972, 1987, 2000 and 2007.
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Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
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I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr... -
Apropos the book that I just finished, I re-visited an interview from September with Kyle Bass, where he examines many of the same themes ...