From Pragmatic Capitalism:

John Hussman is still building the case for recession. His latest letter is another convincing case for economic decline. This time, however, he’s adding the caveat of a "whipsaw trap" in the equity market. The latter I can get on board with as the market appears somewhat complacent in the near-term, but I still don't see the case for recession. His latest, as always, is a good read:

"As of last week, the combination of evidence we observe continues to be associated with strong recession risk and the likelihood of a 'whipsaw trap' in the stock market. We'll respond to new data as it changes, but I expect that the primary window of interest here is about six to eight weeks.

In the event that economic data can produce...

Read full article...

More on stocks:

Seven dividend stocks that Warren Buffett could love

The Federal Reserve could be about to crash the market again

Another big sign of a top in stocks: Newsletter writers are extremely bullish again