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Monday, December 14, 2009

John Hussman: Stocks are priced to disappoint for a decade

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It's not hard to find folks who think stocks are way too expensive relative to their earnings prospects, perhaps even matching tech-bubble levels. But when John Hussman says shares are priced to disappoint, intelligent investors would do well to pay attention.

Hussman's hardly a household name, but the highly successful money manger's funds -- Hussman Strategic Growth (HSGFX) and Hussman Strategic Total Return (HSTRX) -- have delivered annualized returns of 8.6% and 7.9%, respectively, since their 2000 and 2002 debuts. (They're cheap, too: The growth fund's net expense ratio comes to 1.09%, while total return charges just 0.79%.)

Continue reading John Hussman: Stocks are priced to disappoint for a decade

John Hussman: Stocks are priced to disappoint for a decade originally appeared on DailyFinance on Mon, 14 Dec 2009 13:30:00 EST. Please see our terms for use of feeds.

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