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.
