John,
You referenced John Hussman as a source several times, which is fine. I prefer the blogs from Paul Krugman, Simon Johnson and John Taylor. They tend to be shorter and more focused than the Hussman stuff I've read. IMO, the first two are nearly polar opposites of third. They provide a good range of opinions. Krugman is as least as data intensive as Hussman. He can go off the deep-end, with his unabashed liberal leaning, but I find his data analysis and sources to be sound (unlike many think tank pieces).
http://krugman.blogs.nytimes.com/
http://baselinescenario.com/
http://johnbtaylorsblog.blogspot.com/
BTW, I finished moving to 100% cash equivalents at the end of March. I'm not a market timer, but even after one big change, I found my portfolio mix to a mess - indefensible. So I decided to sell at a time that looked like it was more likely to be near a high than a low. I plan to start buying again at S&P 1275 and be fully invested (or not) by about 1140.
And for my contribution to entertainment, here is a little comic satire: http://www.dailykos....-The-Austerions
Dan
On edit: Of course, neither I, nor anyone else knows what the market will do. So if the market does not decline as much as I think it will this year, I'll join the buy on the dips crowd.