Hussman Weekly Market Comment: Bernanke Sees A Recovery - How Would He Know?

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Aug 24, 2009
As of last week, the Market Climate for stocks was characterized by unfavorable valuations and mixed market action, with strong breadth and major indices generally trending higher, but still tepid sponsorship evident in trading volume and strenuously overbought conditions. Currently, we estimate that the S&P 500 is priced to deliver average total returns over the coming decade of only about 6.8% annually.

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