A gentle reminder that if the Fed hadn’t stepped in to *illegally* backstop secondary market non-government loans (and vehicles owning said loans) @hussmanjp would currently have a 99.9th percentile 10-year track record.

Dump all you like but at least he was investing like adult

Also, this ‘incident’ may not be over yet, so there’s lots of ways John’s strategy could prevail over the coming months.