Given the recent (overdue?) shake out in markets I thought I would share a couple more web sites with you. The first one is called Advisor Perspectives which describes itself as:ACTIONABLE ADVICE FOR FINANCIAL ADVISORS: Economic and Market Updates for Investment Planning. Another part of the site by Doug Short (his name not his trading stance) also look quite good for market related indicators etc. This is the best and the most thought provoking of the few I have just looked at and this one might be interesting if you believe wholeheartedly in technical analysis?
This site overall seems to have some interesting stuff on it and is where I came across the piece that the title refers to. Or you can download it here in pdf form as it is quite long. It is from a long time bear Albert Edwards from Soc. Gen. and a bit from one of his former colleagues Dylan Grice. It is quite strong stuff and his on going call for a deflationary bust seems at odds with the current recovery hopes. All I can say is, although he has not be proved right so far, I hope he is wrong in the long term otherwise "We're all doomed" as Fraser used to say in Dad's Army.
If you have the time you could also check out a recent piece from another of his former colleagues James Montier, which looks at valuation and it effects on returns. James is now at GMO and you can find links to some of their other publications and register here if you want.