From Newsmax:

John Hussman says if you look carefully at the economic data that shows improvement, and adjust it to reflect the impact of government outlays, it's hard to see anything other than continued deterioration in private demand and investment.

"What we do see is a government that has run what is now a trillion dollar deficit year-to-date, representing some 7 percent of GDP," Hussman writes in a note to investors.

"That sort of tab will undoubtedly buy some amount of Kool-Aid, but it has been something of a disappointment to watch how eagerly investors have guzzled it down."

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