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#39: John Hussman On Navigating One Of The Most Overextended Stock Markets Of All Time
Superinvestors and the Art of Worldly Wisdom
The Extremes of the Market Right Now
A lot of people just look at the last, you know, 20 years and say, well, the margins have been elevated and they're going to be elevated going forward. And even if they're not consciously looking at that, they're making that subconscious assumption based on using a number of other valuation metrics. The ratio of current valuations to run of the mill historical norms is breathtaking. It's beyond what we were in 29, and it's beyondWhat we were in 2000.
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