"I now think we have begun the 3rd and final leg of the multi-yr bear mrkt which began in 2007 and which SHOULD, hopefully, finish late this yr, but which COULD (hopefully not) drag on deep into 2011. This new bear leg SHOULD see S&P trade sub-1000 this mth. After which we can bounce a little (back up to 1080/1100) over late Q1/early Q2. However, this I think will then be followed by a move down at least into the low 800s in Q2/H2 10, and depending on how policymakers behave, potentially down towards/to New Lows." (read full text)
RBS Bob Janjuah Sees 3rd and Final Leg of Bear Market (February, 2010)
2/10/2010 02:58:00 AM | via @Dvolatility |
A Bob Janjuah RBS report was released yesterday morning. You can find the full text at Zero Hedge. He is riding wave C!