This Bear is Just Waking from Hibernation

As the market drops 200 to 300 points daily on a fairly frequent basis these days, and has now dropped 13% in the last four months, John Hussman’s valuation analysis based upon historical facts is proving to be accurate. He’s not an “I told you so” type of person, but I am. The MSM stories follow the same old storyline – this is just a correction, time to buy the dip, stocks are undervalued, the Fed won’t let the market fall. We’ve been here before, twice in the last fifteen years. Wall Street and their media mouthpieces attempted to spread misinformation about the nature of the markets in 2000 and 2007, as epic bear markets were just getting underway. John Hussman cut through their crap then and he is cutting through it now. Continue reading

Generals opting out as Turkish military seen ‘turning from secular to Islamist’

ANKARA — Turkey’s once powerful General Staff is reportedly struggling
amid the resignation of senior military officers.

Military sources said senior officers were increasingly choosing early
retirement rather than confront the intervention of Prime Minister Recep
Erdogan.

They said many of the officers were dismayed by the return of
personnel linked to Islamist groups as well as the arrest of 400 officers accused of supporting a coup against the ruling Justice and Development Party. Continue reading