Topic: Bill Hester

John Hussman: Alert for Tanks

The past decade has been largely the experience of watching tanks rolling over a hilltop to attack the villagers celebrating below. As a result, long-term investors in the S&P 500 have achieved negative total returns over a full decade. These negative ...
Four weeks ago, I noted that if indeed the economy is in recovery, we have already entered the "show me" phase. My view continues to be that the intrinsic condition of the U.S. economy has not improved, and that the green ...

History Is Neither Bunk nor Bible

It may be premature to start planning for a sustained stock market rally, but it's never too early to look for perspective on what's in store for the future.. In terms of declines, the current tumble (as of Nov. 20 ...
As we head into 2009, the economic backdrop looks gloomy. Bill Hester, of Hussman Funds, helps to shed light on this concept. During the 12-month period following these periods, the S&P rose 32 percent, 30 percent, 20 percent, and 9 percent ...
The fact is that we can't rule out even extreme possibilities, such as a further drop in the S&P 500 by 30% to the 600 level. Currently, the S&P 500 has declined by about 43% on a closing basis ...

John Hussman: A Sack O' Potatoes Market

Excerpt from fund manager John Hussman's weekly essay on the U.S. market: . To offer an idea of how much the recent advance has represented a speculative run on "low quality," Bill Hester put together the following chart. It presents the ...