David Rosenberg of Gluskin Sheff + Associates was on Tech Ticker last week giving his thoughts on the market and economy. He thinks there's now a 67% chance of a double dip recession based on the ECRI Weekly Leading Index (Economic Cycle Research Institute). He still likes gold (3,000 is his conservative target), thinks the S&P should be around 900 and believes "cash is trash".
"His prediction is based on the sharp decline in the ECRI's weekly leading index, where the growth rate has fallen for 7 consecutive weeks." (Tech Ticker article with video)