Roubini Sees Dow Falling Another 30%
 

http://www.bloomberg.com/avp/avp.htm...V5lDr_BAkw.asf

Possibly even more than 30%....

He's called quite a lot right so far. Depressing guy though.

and for the first time he told:
""Stay away from dollar assets""

he never made any currency advices so far....

No way. The market is already down 40%. This isn't a depression, it's a recession. In the past, even the worst recessions caused only a 50% decline in the market from peak to trough. Our current market may decline 10 - 15% more, at most, and then the bottom is in.

Says the PORNOGRAPHER. :winkwink:

Well observed...... I noticed that too but it was too depressing to mention.

The consequences that come from all this is what we have to look forward to and this is going to be flooding the news wires with bad news on a day to day basis. Maybe 30% unrealistic but i think 20% is possible and with all the down pressure, any shock to the system is gonna be multiplied on the downside.