When it comes to Hussman, it’s important to note that even a broken clock tells the correct time twice a day, but a broken watch doesn’t charge an arm and a leg for the privilege.
In general, the market can’t be timed - but in specific instances, when hit over the head with a 2x4, appropriate actions should be taken.
There is a huge difference between risk and uncertainty. Risk is quantitative and can be calculated, while uncertainty is qualitative and, human nature pushes us towards stupid over-reaction. Understanding this, about once a decade +/-, allows us the opportunity to take advantage of the poor judgement of others.
If this chaos continues much longer, I fear one of those opportunities may present itself. Hopefully there will be enough adults left standing to make sure we do not irretrievably self-destruct - and, like Samson, bring the rest of the world down for the ride.
Be careful out there.
Jeff