Here We Go Again
It might be time soon for the bears to come out and play:
John Hussman is going where few market watchers are willing to venture: He’s calling the current trading environment a full-fledged bubble, one that is inflating to extreme proportions.
“Make no mistake – this is an equity bubble, and a highly advanced one,” the bearish portfolio manager wrote in his weekly commentary. “On the most historically reliable measures, it is easily beyond 1972 and 1987, beyond 1929 and 2007, and is now within about 15% of the 2000 extreme.”
The main difference between now and 2000, he says, is that bubble was “strikingly obvious in technology.” This one, he contends, is spread across many sectors. “That makes valuations for most stocks actually worse than in 2000,” he says.
How much money can we print and borrow, anyway?
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URL to article: http://pjmedia.com/vodkapundit/2014/7/30/here-we-go-again-21