Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

No valuation model is a good predictor of stocks future action. I think that Hussman completely misses the point, the point is that of the three major influences on future stock prices, the valuation influence is not a hindrance for future advances. By the way, I don't use the "fed model" since I look at trailing earnings not a tenuous future earnings as the fed does.