December 26, 2017 | Bull-Market Delusions

Economist John Hussman cuts to the chase in this nails-hard analysis of a bull market that has been fueled mainly by distortions of fact. The title of his essay is Three Delusions: Paper Wealth, a Booming Economy, and Bitcoin, and it is a must-read for anyone who believes stocks have reached, to recall Prof. Irving Fisher’s immortal words, a permanently high plateau. Hussman says there has not yet been sufficient deterioration in the stock market’s ‘internals’ to sound the alarm, but that we are getting close.
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Rick Ackerman December 26th, 2017
Posted In: Rick's Picks