John Hussman: 80% Probability of +40% Market Plunge By End of 2010!

In my estimation, there is still close to an 80% probability that a second market plunge and economic downturn will unfold [before the end of] 2010. This is not certainty, but the evidence that we’ve observed in the equity market, labor market, and credit markets to-date is simply much more consistent with the recent advance being a component of a more drawn-out and painful deleveraging cycle. Words: 503

See larger image Wall Street Revalued: Imperfect Markets and Inept Central Bankers (Hardcover) By (author) Andrew Smithers List Price: $27.95 USD New From: $15.75 In Stock Used from: $14.98 In Stock

David Rosenberg: It’s Time to Implement Defensive Strategies

One conclusion I think we can agree on is the need to maintain defensive strategies and minimize volatility and downside risks as well as to focus on where the secular fundamentals are positive such as in fixed-income and in equity sectors that lever off the commodity sector, under the proviso that the “experts” are correct on this particular forecast — that China and India remain the global growth leaders. Words: 1380

See larger image Bulletproof Investing In A Recession (Paperback) By (author) Shawn Lucas, Fred Vander Werff List Price: $14.95 USD New From: $14.95 In Stock Used from: $5.00 In Stock