Degrees of Bearishness - Nouriel Roubini, Meredith Whitney and others

It turns out that not all bears are created equal. That became strikingly apparent as I listened to the four speakers on Tuesday night at Sprott Asset Management's highly-publicized and well-attended (1,500 people) "A Night With the Bears" at Toronto's elegant Elgin Theatre.

All four of the high-profile participants agreed that there are tough times ahead and that things will probably get worse before they get better. But they parted company on how long the economic downturn will last and how deep it will get.