When Valuations Dont Seem to Work – John Hussman

“Historically, when trend uniformity has been positive, stocks have generally ignored overvaluation, no matter how extreme. When the market loses that uniformity, valuations often matter suddenly and with a vengeance. This is a lesson best learned before a crash rather than after one.” – John P. Hussman, Ph.D., October 3, 2000 “One of the best…