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John P. Hussman 4 Aug 18
A sadist aims a slingshot at a child's face. The longer it pulls back and the child stays, she gets candy. The slingshot always releases. When it does, half to all the candy is taken back, and the child goes to the ER. Both of them tell you to piss off. That's my life. Every day.
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John P. Hussman
…. and if you don't think that's how these stories end, some history may be useful.
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John P. Hussman 4 Aug 18
Replying to @hussmanjp
… as usual, I openly concede that I was wrong in this half-cycle, despite my record in decades of prior *complete* cycles. But understand exactly what was "different," and that one can adapt without abandoning the information from valuations and market internals.
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Miles Beckett 4 Aug 18
Replying to @hussmanjp
Timing?
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