Is this the worst time to buy stocks?
Some cautious financial minds are predicting that right now might be a good time to sit out the stock market, despite the economic recovery. Are they right?
Some cautious financial minds are predicting that right now might be a good time to sit out the stock market, despite the economic recovery. Are they right?
Randall Forsyth latches on to some commentary from John Hussman (Hussman Funds) discussing his thesis that this moment could in fact be "The Worst of Times to Buy Stocks" in Barron's this weekend.
Forsyth pairs Hussman's words of caution with the even more cautious take from Walter Zimmerman, who's looking for a serious reversal and breakdown to come this week.
I don't know Zimmerman's track record of these types of prognostications but I know that Hussman is typically over-cautious (he hedged against the dotcom blowup 12 years ago but then also sat out the bull market of the last three years).