“In my estimation, there is still close to an 80% probability that a second market plunge and economic downturn will unfold during the coming year.”
“…Almost by definition, money given to corporations will show up most quickly as improvements in corporate earnings, and then slightly later, as executive compensation… It is truly mind-numbing that a moment after a temporary surge of trillions of dollars, borrowed and tossed out of a helicopter (though to specific corporations and private beneficiaries), analysts would hail a subsequent improvement in corporate results as evidence of “resilience.””
Hussman’s weekly article is a little lengthier than normal, but lays down some strong economic arguments. Note: this one might be a challenge to the novice reader.
http://www.hussmanfunds.com/wmc/wmc091130.htm
