Sunday, October 5, 2008

How low will we go?

So it's a wicked bear market, but how low will the S&P 500 and Dow Jones go? The final target remains to be seen, but one target is easy to predict. We will re-test the lows of the last bear market set in 2002-2003. For the S&P 500, that means 800 and for the Dow Jones that means 7500.

We will probably reach these targets by the end of next summer, so we're talking about a 30% or so loss in the next year. Are you prepared?

Wikinvest Wire