Courtesy of Russ Winter of Winter Watch at Wall Street Examiner
As of Friday, our estimates of prospective return/risk for the S&P 500 have dropped to the single lowest point we’ve observed in a century of data. This is an extreme data point, but there has been no abrupt change; no sudden event; no major catalyst. We are no more defensive today than we were a week ago, because conditions have been in the most negative 0.5% of the data for months. This is just the most negative return/risk estimate we’ve seen. It is what it is. – John Hussman
Three and a half minute podcast. on this topic. Post that accompanies is at Actionable. Auto registration chart referenced in podcast. Source: ACEA
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