Zeev's Turnips Patch-No Politics (ZEEV)

[JMK]

Hussman not very positive about further market advances

"In any event, the market is showing increasing signs of internal turbulence. In the context of extreme valuations, heavy bullish sentiment, persistent economic disappointments, and extreme insider selling, the deterioration we've seen in market action has already moved us to take “contingent” positions (less than 2% of assets in index put options) intended to remove the bulk of our exposure to market fluctuations in the event of a moderate-to-substantial market decline."

http://www.hussman.net/wmc/wmc040322.htm