Roubini Sees 20% Downside in S&P, Government Bond Safe Haven and Stimulus Consequences (Business Week Interview)

Columbia's Amar Bhidé and NYU's Nouriel Roubini
BUSINESS WEEK, 1/7/09, Maria Bartiromo

In this interview Roubini believes the Dow and S&P will be 20% lower from here, job losses will total 2.5 million in 2009, Government bonds will be a safe haven until mid year and there will be consequences to our trillion-dollar budget deficits.

Kind of depressing. Also watch the S&P for a confirmed break of the 50 day moving avg on volume spikes. The Dow broke it on Friday. It could be time to put on some protected shorts in size if Roubini's right.

@dvolatility