{"id":30799,"date":"2018-02-10T15:32:06","date_gmt":"2018-02-10T20:32:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30799"},"modified":"2018-02-10T15:32:06","modified_gmt":"2018-02-10T20:32:06","slug":"this-is-where-they-completely-lost-their-minds-hussman","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30799","title":{"rendered":"\u201cThis Is Where They Completely Lost Their Minds\u201d \u2013 Hussman"},"content":{"rendered":"
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\u201cThis Is Where They Completely Lost Their Minds\u201d \u2013 Hussman<\/a><\/h3>\n

\u2013 Hussman warns \u2018the S&P 500 to lose approximately two-thirds of its value over the completion of this cycle\u2019<\/strong>
\n\u2013 \u2018the market has lost value,\u00a0even since 2009<\/em>, when overvalued, overbought, overbullish conditions were joined by divergent internals\u2019<\/strong>
\n\u2013 Believes the market is going to learn lessons about the crash \u2018the hard way\u2019<\/strong><\/header>\n

\n

\"\"<\/a><\/p>\n

In an almost prophetic blog post from John Hussman last week,\u00a0we are warned about the bubble waiting to collapse in the US equity market and the hard lesson investors are about to learn.<\/p>\n

Drawing on both his own experience\u00a0and the work of the much revered Didier Sornette, Hussman looks at the current state of the US equity market, where it sits in its cycle and how it compares to history.<\/p>\n

The prognosis is not good. Hussman warns that \u201d the market has lost value,\u00a0even since 2009<\/em>, when overvalued, overbought, overbullish conditions were joined by divergent internals\u2026I expect the S&P 500 to lose approximately two-thirds of its value over the completion of this cycle.\u201d<\/p>\n

<\/a><\/p>\n

Of course, the lesson may have finally begun. On Monday February 5th the Dow Jones dropped over 1,000 points, the largest single day drop ever, on a points-basis. Meanwhile, also on the 5th, \u00a0the S&P500 went negative for 2018\u00a0closing down more than 7 percent from a record set\u00a0in January. Similar action was repeated on the 8th February, with many traders declaring they\u2019d never seen anything like it.<\/p>\n

Gold performed well following the rout and we believe gold prices may rise further as the\u00a0drama leads\u00a0period of risk aversion and a new found appreciation by investors looking for gold\u2019s hedging and safe haven attributes.<\/p>\n

You can hear more about our bubble crash predictions in our Goldnomics podcast. Here we take a look at one of the important financial questions of our day \u2013\u00a0is this the greatest stock market bubble in history<\/a>?<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cThis Is Where They Completely Lost Their Minds\u201d \u2013 Hussman \u2013 Hussman warns \u2018the S&P 500 to lose approximately two-thirds of its value over the completion of this cycle\u2019 \u2013 \u2018the market has lost value,\u00a0even since 2009, when overvalued, overbought, overbullish conditions were joined by divergent internals\u2019 \u2013 Believes the market is going to learn […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[8689,7619],"class_list":["post-30799","post","type-post","status-publish","format-standard","hentry","category-economics","tag-goldcore-com","tag-john-hussman"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30799"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30799\/revisions"}],"predecessor-version":[{"id":30800,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30799\/revisions\/30800"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}