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The Line Between Rational Speculation and Market Collapse
Wednesday, January 14, 2015 7:20
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When does an inevitable stock market decline become imminent?
by Dan Steinhart, Managing Editor, The Casey Report
Casey Research
Dear Reader,
It’s been too long since we’ve heard from fund manager John Hussman, one of the most disciplined and data-driven investors I know of. I’ll rectify that today by sharing John’s latest insightful market commentary with you.
In what follows, John explains why the US stock market is even more expensive than common metrics suggest. He also discusses an important but often overlooked distinction: the difference between an overvalued market that’s likely to continue grinding higher, and an overvalued market that’s prone to crash.
Continue Reading at CaseyResearch.com…
Source: http://financialsurvivalnetwork.com/2015/01/the-line-between-rational-speculation-and-market-collapse/?utm_source=rss&utm_medium=rss&utm_campaign=the-line-between-rational-speculation-and-market-collapse
