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Excellent commentary from John Hussman (as usual) in his most recent weekly piece. On expected returns based on dividend yields (yes, THAT barbaric measure of value): Our estimates for S&P 500 total returns remain below 5% at every horizon shorter than a decade. One can argue that 5% is “attractive” relative to less than 3% […]
Last week we reported that acclaimed fund manager John Hussman wrote that he believed the S&P overvalued by 40%. In his latest newsletter, Hussman revisits the fundamental valuation of US equities – with a couple of interesting ratios and charts as well. Hussman writes: I can’t emphasize enough that when you hear an analyst say […]
Some bulls are claiming the S&P is now cheap by historical standards (ironically after a record rally in stocks that made them more expensive!) Their shouts of bullish fundamentals are erroneous, according to acclaimed fund manager John Hussman. In his latest market commentary, Hussman writes: On a valuation basis, the S&P 500 remains about 40% […]
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