måndag 11 februari 2013

Hussman ännu mer övertygande än vanligt

Läs gärna veckans repetition och förtydligande om varför det är dumt att ta risk på uppsidan just nu.

En notering från marknadsbrevet:

...the NAAIM survey reported that the average overall equity exposure reported by active investment managers reached 104.25% at the end of January – a leveraged position, and the highest figure in the history of the survey. Indeed, among individual survey participants, the lowest allocation was 60% - the most bullish exposure ever for the most bearish participant in the survey. The previous record in the survey’s history was 96% in early 2007.

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