Following this morning's ADP employment report, stocks began to rise. Stocks had been down throughout most of the night, and are still negative. But once again, this bad new is perceived as good news. What a twisted world!
So stock futures ROSE following that news!
And this from John Hussman:
"The U.S. has become a nation preoccupied with
eating its seed corn; placing consumption over investment, outsourcing
its jobs, hollowing out its middle class, and accumulating increasing
debt burdens to do so. What our nation needs most is to adopt fiscal
policies that direct those seeds to productive soil, and to reject
increasingly arbitrary monetary policies that encourage the nation to
focus on what is paper instead of what is real."
By John P. Hussman, Ph.D.
President, Hussman Investment Trust