View: Hussman Funds - Weekly Market Comment - Not in Kansas Anymore - Ma...

Hussman Funds - Weekly Market Comment - Not in Kansas Anymore - Ma...

We presently estimate that the S&P 500 is about 94% above the level that would be required to achieve historically normal market returns.

Comments

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"In any event, on the basis of valuation measures that are actually well-correlated with subsequent market returns, current valuations are now at or beyond the most extreme points in a century of market history, save for the final approach to the 2000 peak." 
http://www.hussmanfunds.com/wmc/wmc131014.htm 10/14/13
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