TheAnatomyOf A Pre-CrashBubble
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We previouslyhighlightedDidierSornette’sexcellentwork trying to identify pre-crash conditions in financial markets and JohnHussman’schart below suggests we are indeed heading that way. His warning, however, "Don’trelyonfurtherblow-off – butdon’t be shocked – riskdominates… HoldTight."

Via @Hussmanjp

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