No hedging; no equivocating; no weasel words. I believe the following:
- The S&P will head down to approximately 950 within the next six weeks before bouncing;
- It will reach about 790 by early in 2010 (probably by March);
- It will reach its ultimate low at about 600 in the next few years (2014 or so)
I don't believe we're heading for an apocalyptic plunge.
And I consider all the talk about QE, China, and the Fed to be humanity's five-millionth-freaking-instance of…………………
It's Different This Time.
People. Never. Learn
And that's all I've got to say about that.