John Hussman is sticking to the story of recession and market not pricing that in. Read the full story here.
Great graph of the unemployment rate mapped against history with start of recession drawn in a T-8 months.
“we can expect the unemployment rate to move substantially higher over the coming 6-8 months.”
Hussman’s take on Fannie and Freddie bailout, his rates reset graph and thoughts, like this;
the Market Climate for stocks remained characterized by unfavorable valuations and unfavorable market action, holding the Strategic Growth Fund to a fully hedged investment stance. The …

We should always be maintaining and reviewing our watchlists. Some times, like now, that is even more important. In-action is the worst reaction.
On Pfizer I own PFE bought at around these prices.
To embellish comments already in this thread, PFE have the best sales machine in the industry. They will either develop or buy products to sell. That is the most probably outcome. Yet look at PFE’s stats and you can see the odds the voting machine is quoting. There is a clear discrepancy there, some call it a margin of …

What follows is the summary, for my future reference. You should check out what proceeds and Why Does Inflation Matter at this great post at TMF.
by factoids
Most of us are building portfolios for retirement or are early in retirement. And the average life expectancy for someone entering retirement at 65 is approximately 20 years. So the odds are that half of us are going to live even longer than the approx 20 years between updates on the above prices. And we need to be prepping today for the …