News: 2013-12-09

Hussman Funds - Weekly Market Comment: The Truth Does Not Change According To Our Ability To Stomach It - December 9, 2013
"Our estimate of prospective 10-year nominal S&P 500 total returns has eroded to just 2.3%, suggesting that equities are likely to underperform even the relatively low returns available on 10-year Treasury bonds in the coming decade. Those estimates have had a correlation of over 85% with subsequent 10-year S&P 500 total returns since 1940, and a higher cor...

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