I'm am not real bullish on the near future of the market. But this perdiction is the most bearish I have seen to date. The S&P will not drop to the lows predicted. A major event, like a nuclear war, is the only thing not will send the market as low as the authors suggest. Since the market doesn't run on logic trying to predict it's future using logic is futile.I'm sure the authors are democrats,aacounting for their doom and gloom.The market may get constipated, but a collapse is not coming anytime soon without a major negative event. Just my opinion.
We shall see. I for one am totally out of the stock market.
And that's not a political statement -- I object when it is suggested that whether or not you predict the market to go up depends on whether or not you are a Republican.
Rather it's a statement of financial prudence. I got out of the market in '99, got into Gold in Nov 2001, and so far ... knock on wood ... I've been up every year. Could have done better, but could have been alot worse too.
I do think the S&P will be much lower 12 months from now, than it is today.
And Bush will still win, quite nicely.