Last week I wrote about my ten favourite fund managers letters. Writing about those letters made me realise how reliant I have become on RSS feeds and email. One of my favorites from that list don’t offer an RSS or email option. Consequently a month can fly past before I remember to check the site.

Well no more I say! To ensure I read the invaluable Hussman Funds Weekly Market Comment and to provide it via RSS feed and hopefully via email, I will link John P Hussman’s weekly comments here.

This week is ominously entitled Something is About to Give
“The stock market remains relatively overbought in an unfavorable Market Climate, which continues to pose substantial downside risk… There’s a relatively high degree of complacency here, reflected by the suppressed level of implied volatility and the general consensus that bad news has been priced into stocks…
In short, I remain convinced that the market has not yet priced in the recognition that the U.S. economy is in a recession. To the extent that such recognition hasn’t occurred yet, there’s a risk that significant downside will be realized at the point that investors capitulate to that view.
The residual (and I believe, misplaced) confidence that the U.S. has dodged a recession, coupled with a growing recognition that foreign economies are turning lower, has triggered a burst of surprising strength in the U.S. dollar over the past couple of weeks.” Read more at Hussman Funds