Todd Harrison of Minyanville.com is one of the handful of deadly accurate “guru’s” who actually practice what they preach. If you can deal with his verbal diahrea and pessimistic vibe, you will get some excellent ideas. In any case, Toddo is short-term bearish, sees the market for 2009 as “W”-shaped, and we are now sliding down to the right side of the W. We’re assuming he expects stocks to bottom over next 6 months. This plays into the theory of the market taking investors through the path of “maximum frustration”. Sounds about right to us.