JOHN HUSSMAN
“By our
analysis, the U.S. economy is presently entering a recession. Not next year;
not later this year; but now. We expect this to become increasingly evident in
the coming months, but through a constant process of denial in which every deterioration
is dismissed as transitory, and every positive outlier is celebrated as a
resumption of growth... As of last week, we continue to estimate a prospective
return/risk profile for stocks that is among the most negative 0.5% of
historical instances. The primary window here is about 2 weeks to 6 months, but
extends as far as 18 months.” -John Hussman, Phd, 11 June 2012 Weekly Market
Comment,
http://www.hussmanfunds.com/index.html
http://www.hussmanfunds.com/index.html
MARKET
The S&P 500 finished DOWN
1.3% to 1309. VIX rose 11% to 23.56
today, Monday. The extreme rise in the
VIX shows a lot of concern in the market.
NTSM
The NTSM remained HOLD Monday.
MY INVESTED POSITION
I reduced my stock
holdings to 30% (0% in stock in the 401k) at S&P 1358 after the SELL signal
on 9 May 2012. (See the page “How to Use the NTSM System” – the link is on the
right side of this page). I cut my stock
position to 15% on 17 May in order to maintain a 10% gain in a
trading/longer-term position I had in the QQQ.
