The Lemon Fool

A compelling article on the market overvaluation and potentially ruinous ten year returns.

https://www.hussmanfunds.com/wmc/wmc170904.htm

But then look at his funds' returns and shudder, because he's delivered er, ruinous 10 year returns. But like a broken clock he will be spot on at some time, I guess.

Nevertheless this market is waaaaaay overvalued.

More on that here:

https://www.cmgwealth.com/ri/radar-brea ... -persists/

From the CMG Wealth article referred to above:

https://www.cmgwealth.com/ri/radar-brea ... -persists/

Chart 1: Since 1900 Bear Markets Have Occurred Nearly as Much as Bear Markets

That sounds logical.
I wonder if they meant something different. It's rather a fundamental typo, if that's what it is.

I had a look at the Hussman Strategic Growth Fund - what lousy returns!

There is the usual flannel e.g. using hedging strategies to protect capital. How can an outfit consistently losing money stay in business?

The analysis of US market past performance doesn't include dividends. Once these have been included and if re-invested during bear markets (most important) then overall returns even during the bear markets aren't so bad.

Global stockmarket returns over the next ten years might be half those over the past ten years, but I would rather stay invested in a boring world equity fund than try my luck in short-term trading.