These measures would arguably be less extreme if elevated profit margins were given full credit. (hussmanfunds.com)
We've found no convincing data that international activity explains elevated profit margins or ensures their durability. (hussmanfunds.net)
There's no question that investors have become nearly frantic in their verbal arguments about the permanence of elevated profit margins (which is something that Benjamin Graham observed at other market peaks, and warned against decades ago). (hussmanfunds.com)