Fundamentally Unsound July 2020
John P. Hussman, Ph.D.
President, Hussman Investment Trust
As in all periods of speculation, men sought not to be persuaded by the reality of things but to find excuses for escaping into the new world of fantasy.
– John Kenneth Galbraith, The Great Crash 1929, published 1954
Mr. Hussman discusses at length the current valuations of the market and why they are not sustainable. This article is a great read for anyone who believes that “this time is different”