Replies to post #21483 on Market Direction and Stock Trends

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Fair Value and Bubbles: 2017 Edition
By John P. Hussman, Ph.D. | June 12, 2017

. . .Presently, my sense is that investors should pay particular attention to leadership and divergences across groups of stocks, including the broad behavior of new highs and new lows among individual stocks. Any tendency toward increasing short-horizon volatility, particularly an accelerating frequency of progressively shallow corrections, would also be worth monitoring. These considerations don’t imply any need for short-term forecasts, trading, or other actions, but can be instructive about the behavior of speculators, and the potential for abrupt increases in risk-aversion.

http://hussmanfunds.com/wmc/wmc170612.htm

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