11/11/18

Goldman 'Bear Market Indicator' Nears Record High: "No Limit To The Stupidity Of Wall Street"



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Goldman 'Bear Market Indicator' Nears Record High: "No Limit To The Stupidity Of Wall Street"
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"Get used to this kind of volatility," warns Hussman Funds' John Hussman in his latest comment.

"Unfortunately, the moment interest rates hit zero, [historical risk and valuation] limits vanished, and preemptively responding to speculative extremes became terrifically detrimental."

"Presently, neither valuations nor internals are favorable, and that is what opens up a trap door under the market."

Goldman  agrees, high valuations in isolation do not provide much of a timing signal for investors but, again, when combined with other factors can indicate risks of a ....

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