Looks like two stars out of five with Mornignstar. Here's a nice analysis of his investment style.
How Should We Look at John Hussman's Performance Numbers? - GuruFocus.com
The summary is that sometimes the market is right for his style to work, other times it isn't. He scores by being in the right place at the right time, not by doing anything unique. The S&P 500 still outperforms him.
The point I was trying to make in my post above is that any number of folks (sometimes including me) predict cataclysmic market events that never come to pass. If you declare the big market selloff is imminent long enough you will eventually be right.
The market indexes are down this year and continue to trend down. It is important to understand why and what it means. The last time we had a down market was the Great Recession when the market lost 50% of its value, so now people are concerned that every dip in the market is the bottom dropping out again. What is happening now is simply the business cycle. As the business cycle matures and starts to slow, businesses cut back, leading to more cutbacks, and so on until we hit equilibrium again. China is a major market and they are going into recession, so that's suppressing earnings of all international companies. That means there's less money being spent everywhere, lower demands, etc. So businesses cut back, prices drop, inventories build up and then are depleted, and finally demand perks back up and companies scale up again.
We're simply in a phase where business and industry worldwide is scaling back. The market will drop because companies earn less when the world is scaling back. But it's just cyclic. It is not the bottom dropping out. Times may get pretty tough, but there isn't going to be a financial melt down that is going to put the entire economy at risk again. At least not this time.