Here is a prediction of gloom and doom from the chief credit strategist for the Royal Bank of Scotland.
I'm no market expert and I don't know if this guy knows what he's talking about but that is an interesting read.
From the article:
"A move to new lows is highly likely," he said.
I plan on keeping a close eye on the market. I just don't see how it can keep going up.
Mr Janjuah, RBS's chief credit strategist, has a loyal following in the City. He was one of the very few analysts to speak out early about the dangerous excesses of the credit bubble. He then made waves in the summer of 2008 by issuing a global crash alert, giving warning that a "very nasty period is soon to be upon us" as – indeed it was. Lehman Brothers and AIG imploded weeks later.This time he expects the S&P 500 index of US equities to reach the "mid 500s", almost halving from current levels near 1000.