My Targets for the S&P 500

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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.