Hussman’s article is good. It’s more of the same if you’ve been following him for a while, but it is great for a first time audience. Here’s a taste:
“…if indeed the economy is in recovery, we have already entered the “show me” phase. The jobs report was dismal on that front, with even overtime hours and temporary workers declining. Those are the first measures that should advance, well before we can expect any turn in headline employment.”
http://www.hussmanfunds.com/wmc/wmc091005.htm
Hester’s article is phenomenal. It is written in a convincing manner for an audience that is beyond the novice level. I read this piece and am reaffirmed in my current belief that the market is either overvalued or inflation will soon roar or both.
http://www.hussmanfunds.com/rsi/forwardearningsmargins.htm
