Tuesday, February 24, 2009

Hussman: deep bear could take SP500 to 500

John Hussman's lastest missive this week: "To achieve a valuation trough similar to deep historical extremes, the S&P 500 would have to approach the 500 level." If we don't go down that low, the most likely outcome over the next decade is 9-11% per year returns, on average.

Marcel Ospel the most hated man in Switzerland

Bloomberg reports on how the Swiss blame Ospel for destroying their banking industry.