Monday, April 16, 2012

"We Are White-Knuckle Defensive"

"In short, our concern about market risk persists. Our concern about the risk of an oncoming recession persists. Nothing in the recent data has removed my impression that the period ahead may become an unmanageable Goat Rodeo of market volatility, economic disappointments, sovereign debt concerns, and European banking strains."

--John Hussman, Ph.D.,
weekly market comment

No comments: