July 29, 2016
By Steve Blumenthal

“Last week, market conditions joined the same tiny handful of extremes that defined the 1929, 1972, 1987, 2000 and 2007 market peaks.”
– John P. Hussman, Ph.D. (Source)

At a recent investment conference, one of the panelists was an investment officer for the China Investment Corporation (CIC) – the Chinese sovereign wealth fund.  She was particularly critical of the performance of their hedge fund managers.  The CIC and others have been exiting their hedge fund investments.  A common theme of late.

“The secret to my . . .

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