Hussman - Confidence Abounds

``in historical data since 1871, there is only a single month prior to the late-1990's bubble when valuations were richer than they are today... That month was August 1929.... Based on the fidelity of the recent advance to this price structure, we estimate the "finite-time singularity" of the present log-periodic bubble to occur somewhere between December 31, 2013 and January 13, 2014. That does not mean that prices must immediately crash -- only that the dynamics will then lend themselves to a great deal of potential instability...''