Executive Summary In this week’s newsletter, I review the salient points relating to market conditions in Dr. John Hussman’s Interim Comment: February 25, 2024, entitled “Speculative Euphoria and the Fear of Missing Out”. Highlights include elements driving FOMO such as new market highs, possible “soft landing,” a [...]

Executive Summary Markets are again extremely overvalued in relation to long-term norms. In this issue, I provide several methodologies to explain the situation. First the trailing twelve-month P/E ratio is 27.2, with the long-term median being about 15. Next is the Shiller P/E or the (CAPE) which [...]

Executive Summary This week’s edition continues from last week in looking at Federal Government data released. Real GDI (Gross Domestic Income) and real GDP are typically the same except for some minor statistical disparities, as described below by economist Dr. John Hussman. However, looking at the first [...]