I’ll be shocked if the NASDAQ closes below 2000 in the next 12-18 months.
That would mean falling more than 14% from the current level. Seems like a worst case scenario to me, but I’m far less doom and gloom than a lot of the people here. Honestly, if it does get that low, I’ll be shoveling every quarter out of my couch cushions to invest at those values.
I expect NASDAQ to close up 2-4% from where it started 2007 (~2430), which would mean something around 2500. I’m still expecting 5-7% out of the S&P 500 by year’s end.
I don’t think we’ve hit a bottom, but we may be at a local minima. As I write this, Japan and the rest of Asia is broadly up, by more than a percentage point for most indices. Will Europe and North America continue following Asia’s lead? We’ll see.
