The current perceptions of investors about their own "wealth" are out of line - to a historic extent - with the economic fundamentals that are available to support the claims.| Hussman Funds
Speculative psychology is the only thing standing between an hypervalued market that continues to advance and a hypervalued market that drops like a rock. Our best gauge of that psychology - the uniformity of market internals - remains divergent enough to keep market conditions in a trap-door situation.| Hussman Funds