Hussman Citing Graham Sees Negative Returns For Eight Years

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Mark Melin
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John Hussman is not a popular person among stock marketbulls. And he won’t be getting any warm love from bulls with his latest blog post.  Hussman says the S&P 500 (INDEXSP:.INX) is likely to be lower in a decade from now, as he looks across the span of stock market value relative to projected Gross Domestic Product. Hussman is singing from the same hymnbook that many hedge fund insiders subscribe to, only his reasoning, the song he’s singing, is slightly different from those of some quantitative trading managers with whom ValueWalk has spoken. John Hussman on future GDP value Hussman…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.