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October 16, 2008 at 11:36 AM #288416
stockstradr
Participant

In the past three months I revised my previous S&P500 prediction which WAS “S&P500 will godown to about 1000”

But keep in mind I made that prediction over 12 months ago.

When the S&P500 went to 850 last week, I thought it wise to revise THAT prediction!

So my new prediction is

“Will go below 600 before end of 2009”

A guess:

Before the end of 2008, we get a nice rally takes us up to say 1100 on the S&P500. Then the country realizes we are going into a mild economic DEPRESSION (GDP falls by over 10%). Then stocks plumb new depths in 2009.