It's crunch time for pessimists and optimists alike! We are standing on the edge of what will either be a severe US recession or the longest US expansion in post WWII history. We are still in the positive camp and expect a scenario of the latter kind to play out over the coming quarters. We thus continue to recommend overweighting equities.
Read the entire newsletter (Jan. 2008) (PDF: 354kb. 4 pages)