From John Hussman;

Word to the wise - don’t accept advice or analysis about this crisis from anyone who failed to anticipate it in the first place. The people warning about Depression now (or even talking about it casually on the financial channels) are the same reckless jackasses who told investors that stocks were cheap and “resilient” at the highs.

and

My impression is that investors who abandon properly diversified and carefully planned investments here, with the stock market already down by nearly half, will regret it as the emotionally panicked decision that wrecked their retirement prospects.

Last 5 posts by Roger Nusbaum

• Headed To Hilo - November 19th, 2008
• Throwing In The Towel - November 18th, 2008
• Closing Bell - November 17th, 2008
• Something Will Have To Give - November 17th, 2008
• Random Roger's Big Picture 2008-11-16 13:19:00 - November 16th, 2008