John Hussman

Weekend Reading: You Have Been Warned

"Investors aren’t paying attention... There is an important picture that is currently developing which, if it continues, will impact earnings and ultimately the stock market..."

Weekend Reading: Will Tax Reform Deliver As Expected?

While Congressional members were campaigning yesterday that the “tax plan” would give an $1182 tax cut to most Americans, it should not be forgotten that since they failed to “repeal and replace” the Affordable Care Act, any tax cut will only be diverted to offset a substantial rise in health care premiums in 2018.

Dow 500,000?

"The biggest secret in achieving long-term investment success is not necessarily being 'right' during the first half of the cycle, but by not being 'wrong' during the second half..."

Buffett's Wrong - Why Market Valuations Are Not Justified By Low Interest Rates

"It's such a comforting, even satisfying assumption; the idea that 'lower interest rates justify higher valuations'...   Unfortunately, the convenience of investing-by-slogan is currently leading investors into what is likely to be one of the worst disasters in the history of the U.S. stock market..."