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Jeff Reeves’s Strength in Numbers: Stock market bulls have to admit that the bears might be right

Stock market bulls might consider this column to be a hate read, as bears have been wrong for a good nine years now.

I’m as amused as you are by perennially wrong “permabears” such as John Hussman. Why in the world would we believe his recent and predictably hysterical call for a “a market loss on the order of 60%” in the S&P 500 Index SPX, -0.24% when he was predicting the market was “overbought, overvalued, overbullish” way back in May 2010 … and seemingly every few months since then.

But don’t forget what happened at the end of the parable of the boy who kept crying wolf.

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