Hussman also jumps on the profit mean reversion bandwagon

I have been banging on about profit margins for the past month, ever since I predicted 2012 would be an inflection point toward S&P500 margin compression last month. A lot of people are coming out in defense of this idea. So last week's weekly was on this topic as well, quoting from James Montier and Richard Bernstein, who have hopped on this mean-reverting margin bandwagon. Today I caught John Hussman making similar points: Simply put, there is presently a massive difference between sh...


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