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The Stock Market Has Never Been This (Intermediate-Term) Overbought http://www.hussmanfunds.com/wmc/wmc091019.htm 10/21/2009 |
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Est-on à la veille d'une chute de la bourse? L'avis de John Hussman mérite le détour. http://tinyurl.com/ylz2bnc 10/20/2009 |
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Is market overbought? http://www.hussmanfunds.com/wmc/wmc091019.htm $$ 10/20/2009 |
Monday morning links
The Mess That Greenspan Made —
... MARKETS/INVESTING Oil jumps above $79 to 2009 high before retreating - AP Gold little changed, pressured by firmer dollar - Reuters Stock Market Has Never Been This Overbought - Hussman Funds Gold at $2,000 Becomes Inflation-Adjusted Bullseye - Bloomberg Charts: Gold Could Rally to $1,350 in 6 Months - CNBC Could rising oil prices stunt stock rally? - USA Today Stock Markets Face 'Meltup': Strategist - CBS News ECONOMY Frugality falling out of fashion? - Wash. Post ...
Monday Reading
The Big Picture —
• FDIC Failed to Limit Commercial Real-Estate Loans, Reports Show (Bloomberg)
• The Stock Market Has Never Been This (Intermediate-Term) Overbought (Hussman)
• Builder Confidence Slips in October (NAHB)
• Moody’s/REAL Commercial Property Price Indices Off 41% Since 07 Peak (Bloomberg)
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• Feds to issue new medical marijuana policy (AP)
...
Fat Chance
Bear Mountain Bull —
John Hussman , on the stock market: At any given time, there are a good number of historical points where market data have been generally similar in terms of broad valuation and market action, and these references provide specific examples that we can look at as we evaluate the distribution of likely market returns and risks. In reviewing the status of the market late last week, the condition of the data was something of an anomaly in that regard. On the valuation front, stocks are presently overvalued, but to levels that we’ve observed at least several times in history. The ...
John Hussman: Historically Overbought; Banks Insolvent
Scott's Investments —
... John Hussman is calling market risk at these levels 'unusually high' and that currently we are at record high overbought levels. And if that doesn't depress you enough, then take a look at his outlook for the banking sector and housing market. Ouch! Below are some excerpt's fromsthis week's Weekly Market Comment: ...
Do not borrow money to buy stocks
Millionaire Now! —
... John Hussman: "One of the notable features of extreme overbought conditions is that investors rarely have much opportunity to get out, just like the fast and furious advances that clear oversold conditions tend to occur too quickly to capture unless one has already established a position. As for the present, we have rarely seen 90% of stocks suspended above their 50- and 200-day moving averages for as sustained a period as we have now observed." ...
Readings: $20, Globalization, Industrial Revolution, China, Groups, etc.
Paul Kedrosky's Infectious Greed —
The $20 Theory of the Universe (Esquire) The Stock Market Has Never Been This (Intermediate-Term) Overbought (Hussman) Why was the Industrial Revolution in Britain? (Tawney Lecture) China must keep its eyes fixed on the exit (FT) Has the world economy reached its globalization limit? (Arxiv) A Group Is Its Own Worst Enemy (Shirky) Which tells us more: The last 7 at bats or 7 at bats against this pitcher? (BeyondBoxScore) ...
Links for 2009-10-22 [del.icio.us]
Maoxian —
... "Since starting his fund, Arnold has returned at least 80% every year -- including reported gains of over 200% in 2007, when he took the short side of Amaranth's disastrous bet on natural gas." NEVER HEARD OF HIM :)
2 Losses and 1 Win - Addictions, Illusions & Lies
BROAD TONE WAS POZ, SHORTS SPITTING INTO WIND, ANY LONG HAD A TAILWIND :-) (don't confuse genius with a dummy being on the right side of the broad tape)
Hussman :The Stock Market Has Never Been This (Intermediate-Term) Overbought
SOUNDS LIKE HE'S ...
