Wednesday, April 24, 2013

Beware Bulls on Pogo Sticks

Rule o' Thumb:  When the cover of a major financial magazine features a cartoon of a bull leaping through the air on a pogo stick, it's probably about time to cash in the chips...[T]he endgame of overvalued, overbought, overbullish, overleveraged markets is forced liquidation.
--John Hussman, in his weekly market comment

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