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Overlooking Overvaluation

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November 28, 2012 - 5:22am
Guest post by Hussman Funds. In the day-to-day focus on the “fiscal cliff,” our own concern about a U.S. recession already in progress, and the inevitable flare-up of European banking and sovereign debt strains, it’s easy to overlook the primary reason that we are defensive here: stocks are overvalued, and market conditions have moved in [...]

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