In our view, defensive positions taken during periods of extreme valuation may cause investors to miss occasional short - term returns, but they do not compromise long - term returns. (hussmanfunds.com)
If some of your holdings are currently trading at extreme valuations, I believe it would be wise to evaluate the risks associated with holding on. (themaven.net)
Nothing could be further from the truth when one starts the clock with extreme valuations and weak structural growth. (hussmanfunds.com)