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Monday, June 05, 2017 9:02:29 AM
By John P. Hussman, Ph.D. | June 5, 2017
For now, our outlook does remain hard-negative, and regardless of near-term market behavior over the course of this extended top-formation, I continue to have every expectation for a 50-60% loss in the S&P 500 over the completion of the current market cycle. Nothing in that range would require the most reliable valuation measures to breach their historical norms. For that reason the 50-60% range of losses should be considered a run-of-the-mill cycle completion. . .
https://hussmanfunds.com/wmc/wmc170605.htm
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