Despite the year-to-date decline in the S&P 500, the most reliable valuation measures we monitor remain at levels never observed in market history prior to August 2020. Meanwhile, market internals remain ragged and divergent, suggesting risk-aversion among investors. That combination creates what I've often described as a "trap door" situation. You make friends with bears by understanding them, and by avoiding behavior that will get you eaten.| Hussman Funds
Archived commentary is historical in nature and should not be assumed to reflect the current investment outlook or investment practices of the Hussman Funds.| Hussman Funds
September 4, 2017Valuations, Sufficient Statistics, and Breathtaking Risks| www.hussmanfunds.com
May 18, 2015 The "New Era" is an Old Story (and introducing Market Cap/GVA) | www.hussmanfunds.com
May 5, 2014 Cahm Viss Me Eef You Vahn to Live | www.hussmanfunds.com