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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: chainik who wrote (45607)11/16/2005 9:20:46 AM
From: Rarebird  Read Replies (1) of 110194
 
>>His timing this year was bad.>>

The high for Hussman's Strategic Growth Fund, HSGFX is 16.44. Currently, the fund is trading at $16.17. That is not a 3% drop.

Hussman's stock selection is mediocre. That is partly what hurts returns. The other factor which tremendously limits upside for HSGFX in an up market is that the fund continues to remain fully hedged.

Hussman expects valuations to eventually return to historical norms. I think he is wrong there. No way will the S@P trade at 6-8 times earnings again in my lifetime, like at the Bear Market low in the summer of 1982.
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