Hussman Weekly Market Commentary: Hostile Trends
Last week was a very good week to be in the market. Today... well... not so good. My investment with Hussman was the only one of my investments that didn't soar last week but I'm still convinced the guy knows what he's talking about.
Here's this week's installment:
Hussman Funds - Weekly Market Comment: April 24, 2006 - Hostile Trends: "Simply put, the stock market has generally not rewarded risk-taking when interest rates, commodity prices, and consumer confidence have been trending higher. That's not a huge surprise to data monkeys who spend their time analyzing such historical outcomes. Still, my hope is that these simple observables will provide some understanding of why I believe that a fully hedged investment position is appropriate here, despite hopeful consumers, optimistic investors, and even the occasional marginal new high."