A Yellow Light for Investors

S&P's Mark Arbeter says many of his technical indicators are bearish or may soon turn bearish -- so he urges a defensive stance

"A recession could be in the cards," with the chances between 30% and 50%. That's one of the possibilities emerging from the charts studied by Mark Arbeter, chief technical analyst for Standard & Poor's. Like a number of fundamental analysts, he urges caution and a defensive stance on the part of investors.

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