Hussman Funds Weekly Market Comment
With the S&P 500 trading below 1100, the U.S. stock market is now in the upper range of what I consider to be reasonable valuations. Stocks are certainly not “cheap” or undervalued overall, but they are no longer priced to deliver unacceptably poor long-term returns. I have no strong belief that stocks have reached a bottom.
Ditto for my sentiments. However as per my heavy investment today I do have a strong conviction that we are at or near a short term low.
Hussman provides an update on his projections for 10-year S&P 500 total returns, an update on his fund positioning, some self congratulations on his early calls of this market panic, some comments on the rescue plan and as always his update on the market climate.
read Hussman’s weekly marklet comment for October 6 2008.
Related posts:
Leave your response!