Bears who called the crisis ... and the 2008 Scoreboard

--The WSJ interviews a few bears who called the crisis, including Jeremy Grahtham:

--WSJ blog post on other cassandras who got it right.

--WSJ blogger Justin Lahart also recalls why the doomsayers were dismissed: "A dangerous all-or-nothing orthodoxy had come to dominate the policy debate, where one was either for free markets or against them," and anything smelling of regulating capital flows, like mortgage originations, was discounted.

--2008 Investment Scoreboard, from the WSJ. From the FT: "For the year, the S&P 500 dropped 38.5 per cent, (Blogger note: I believe this is sans dividends. With dividends, the S&P was off 37%) marking its worst run since a marginally higher drop of 38.6 per cent in 1937. The Dow lost 33.8 per cent, its worst annual decline since the index fell 52.7 per cent in 1931."