The Evolution of the “Hussman Chart”

Hardly a week goes by without an article like this one by the influential Henry Blodget — One smart stock market analyst thinks this is where we’re headed…(gulp). Mr. Blodget writes as follows: But anyone who’s feeling comfortable after a strong week in the markets should at least understand that: 1. The macro environment most conducive […]

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Weighing the Week Ahead: Can Markets Finally Celebrate Good News?

The data calendar continues in something of an alternating mode. This week we have a concentration of the important economic releases. We also have daily appearances by Fed members. This provides a daily opportunity for pundits to interpret the news: Can markets finally celebrate good news? Prior Theme Recap In my last WTWA I predicted […]

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You Do Not Get Paid for Knowing Yesterday’s News!

You do not get paid for knowing yesterday’s news… unless you work as a pundit!  In that case you just need to go on TV and repeat what you read that morning in the Wall Street Journal or the FT.  Like the “B” student in a class, you learn the conventional wisdom and repeat it.  […]

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Finding the Real Expert

Successful investors are modest.  Overconfidence is dangerous. When I started writing this blog more than ten years ago, I did not think I was an expert on everything.  My investment success had more to do with my ability to recognize the expertise of others.  I have given examples of what I learned from cab drivers […]

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