The Pride & Pessimism Of John Hussman

If I were to tabulate the total number of articles sent to me by clients and colleagues about the market and projections for its future, I can safely say that close to 90% of those articles were of the extremely pessimistic variety. This is to be expected; it is well-documented that negative headlines and dire predictions get far more attention than reports of the mundane. If you are in the media business, your job is to entice interest, and, unfortunately, it seems that there is a large market for the consumption of pessimism, no matter how far-fetched the claim, let alone how little the probability of some apocalyptic event occurring.