A Defensive Posture

S&P Economics says a recession is more than 60% likely. Here are ways investors can protect their money in that event
Alec Young

S&P Equity Research believes 2008 is likely to be a tale of four quarters, with poor economic and earnings outlooks limiting P/E expansion early and late in the year. If economic growth accelerates in the second and third quarters, as we expect, we see performance improving.

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