Stock Market Risk Returns to Historic Extreme
From Econintersect Combined RSS Feed
January 23, 2013 - 2:28pm
by Erik McCurdy, Prometheus Market Insight
Last year, the risk/reward profile of the stock market increased to the worst 1 percentile of all historical observations during the last 100 years. The brief correction during the fourth quarter relieved that condition temporarily, but the speculative surge during the last two months has once again increased stock market risk to the highest level on record. In his latest weekly commentary, fund manager John Hussman reviews the high-risk syndrome that has been followed by severe declines in almost every instance during the last 50 years.
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