By Daily Crux Editor Justin Brill:

John Hussman, the well-known manager of Hussman Funds, is speaking out today with an interesting take on the market.

Hussman says stocks are overvalued, but aren't at the all-time extremes that mean a correction is coming. However, he says he is unable to "find a single historical instance where stocks were more overbought on the combination of short- and intermediate-term measures" than they are today.

He says the only date that even comes close is November 28, 1980, which marked the top of the "furious advance in the S&P 500 driven by enthusiasm over 'less bad' economic news, though with little proven economic strength. It was the last day of the 1980 bull market."

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