Click Here to Subscribe Now! Try a 3-month trial for only $68

Richard's Remarks

 

"Prospective returns for a balanced portfolio are at some of the lowest levels in history." Dr. John Hussman, of the Hussman Funds

 

I would really like to be bullish and optimistic, but the chart below stands in my way. This is the advance-decline line for the NYSE. I've been waiting to see if the A-D line would confirm the new highs seen in the major stock averages. Note on the chart that the A-D line turned down yesterday, an action that I took as discouraging. This action is telling us that the majority of NYSE issues are reluctant to follow the big stock averages.

 

When I was a child during the Great Depression, I heard many pessimistic discussions and much negative talk on the part of my parents and their friends. In fact, I grew very accustomed to such talk and such bearish sentiment. I became so accustomed to pessimistic sentiment that I ... Log in or subscribe to continue reading.


Premium Content Notification

A subscription is necessary to access premium content.

Please use the button below to subscribe in order to access all premium articles