Well, if they can get past WaMu tomorrow, we'll see the light at the end of the tunnel. However, we have this triangle to deal with, and I think it's going to play out even if Mr. Hussman is bullish.
If you take a look at HSGFX the past 4 weeks, you'll see he's paying for it. I think he's had his worst month ever. (That's the worst month of a totally stellar record, though).
hussman is bullish for a good reason! those who are leveraged are being forced to sell at a discount. selling is disconnected from fundamentals. if you're an investor, this presents great opportunities.
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