We've long argued, and continue to assert, that the most historically reliable measures of market valuation are far beyond double their historical norms. (hussmanfunds.com)
This does not, for even a moment, change the fact that the most reliable measures of valuation are now an average of 3.0 times their historical norms. (hussmanfunds.com)
Based on other reliable measures for which historical data is available, present market valuations also exceed those observed at the 1929 peak. (hussmanfunds.com)