Tuesday, March 13, 2012

John Hussman Says Market Crash Coming

Portfolio manager John Hussman, whose bear market warnings have been snubbed by a market up nearly 10% this year and 24% since October lows, has stepped up his prophecy of doom, saying present conditions put this market in the most negative 1.5% of historical periods in which to invest.

The key conditions that Hussman associates with markets about to crash are an S&P 500 trading sharply above its 52-week moving average and more than 50% above its four-year low; a “Shiller P/E” well above 18; a 10-year Treasury well above levels reached six months ago; and high bullishness and low bearishness among investment advisors.

Doomsayer Hussman Says Market Crash Coming—According to History

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