You are right Linda this is outrageous. Here we are another day, the market moves, and we don't participate. S&P down 3%, our stocks are down too and yet we're going up .5%? What the hell? This is starting to act like some sort of hedged strategy.
The reason very simply is ... Financials UP 12% on bailout package.
Hussman is underweight or almost entirely out of that sector. That is a big reason we are outperforming the market and used to underperform in the bullish period (low commodities exposure contributed too).
If you believe the financials are out of the woods then indeed you don't want to be in this fund. A lot of the future here rides on Hussman wading back in to the financials at the right time. But I don't think we are done grinding down to the ultimate bottom yet in this fiasco.
What the heck are you talking about. The only reason Hussman is "beating" the market is that he was hedged. He took his hedges off way to soon citing value, even though market action was terrible. Now he has put the hedges back on, even though stocks are obviously cheaper here than when he took the hedges off. He is going against his own set of rules. What a tool.