Dr. Doom: Recession Will Probably Last 36 Months - Economy * US * News * Story - CNBC.com
Finally, while he says there will be “a light at the end of the tunnel”, it’ll probably get worse before it gets better. Those who believe in a second half recovery this year “are delusional” he says.
In fact, based on Roubini’s calculations, we could conceivably see the S&P 500 at 500, the Dow at 5000.
A 5000 Dow is only a further drop of 10% from the the high, based on the lows we have already seen. I’m surprised Dr. Doom’s outlook is so moderate. If it is accurate, folks should probably start buying now. You aren’t going to be a much bigger winner by waiting for another 1400 points down.
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