This week’s Hussman Commentary is a must read for any serious investor. It almost reads like a capstone article, covering a multitude of relevant topics, which are well orchestrated into broader arguments. The take-a-ways for me are the probability of an economic downturn (with a ‘recognition phase’ catalyst) along with continuing increases in credit problems. These are supplemented with shrewd remarks about Europe, the Fed, and volatility.
http://www.hussmanfunds.com/wmc/wmc100601.htm
